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Global to Install Platforms and Pipelines for ChevronTexaco

Maritime Activity Reports, Inc.

June 20, 2002

Global Industries, Ltd. announced its subsidiary Global Industries Limited Mauritius has executed a contract to undertake platform and pipeline installation work in the Gulf of Thailand for Chevron Offshore (Thailand) Ltd., a subsidiary of ChevronTexaco Corporation. This work forms part of ChevronTexaco’s Minimum Facilities Project (MFP) to expand oil and gas production in Thailand. Global will be responsible for installing five wellhead platforms and four pipelines as well as performing associated tie-in, free span correction, and testing activities. The offshore work will be performed in two phases to accommodate ChevronTexaco’s construction schedule and optimize Global’s barge utilization. Both the DLB Seminole and DLB 332 will execute the construction with diving and tie-in support performed by the MV Shamal and MV Winsertor.

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