Horizon Offshore Announces Pemex Contract
Horizon Offshore, Inc. said that Pemex Exploracion y Produccion
(Pemex) has issued a letter of award to its subsidiaries, HOC Offshore
S. de R.L. de C.V. and Horizon Offshore Contractors, Inc. for the
Package 'J' pipelines of the KU-MALOOB-ZAAP project offshore Mexico.
The contract calls for the installation, tie-in and associated
commissioning of five pipelines under the KU-MALOOB-ZAAP project in the
Bay of Campeche. Horizon will utilize its lay barge Lone Star Horizon
and a DP2 vessel to perform the project. Engineering and procurement of
the 20" and 24" diameter line pipe will begin in February 2006 with
construction scheduled to begin in May 2006. In addition to this award,
the Company has recently received a change order on its current
contract with Pemex that was awarded in June 2005 under the
KU-MALOOB-ZAAP project.
