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Gulf Marine Wins Matterhorn TLP Contract

Maritime Activity Reports, Inc.

January 31, 2002

Technip-Coflexip Group announced that Atlantia Offshore Limited has awarded Gulf Marine Fabricators (GMF) a fabrication contract for the Matterhorn dry-tree TLP topsides facility and foundation piles. GMF based in Aransas Pass is an entity of the Technip-Coflexip Group. The work scope includes procurement, fabrication and outfitting of a 6000-ton topsides facility with a height of 62 ft. and an area of approximately 63,484 square ft. The scope also includes the fabrication of 6 piles each 96 in. in diameter and 415 ft. long. The piles have a total weight of 2100 tons. The mini-TLP platform will be installed at Mississippi Canyon Block 243 in 2,800 ft. of water. GMF will perform this work at its North Yard located in Aransas Pass, Texas. The topsides work will commence the first quarter of 2002 with completion in May 2003. The pile work is also scheduled to start during the first quarter of 2002 with a completion date in July 2002.

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