Update on Mr. Bice Salvage

Bisso Marine Co., Inc., has completed salvage of 60 percent of the hull section of Broughton Drilling Company's jackup, Mr. Bice. The jackup removal project is located in Grand Isle Block 49, 15 miles offshore Louisiana. Sections of the 5,000 ton rig are being loaded onto barges and transported to the Ocean Marine Corporation facility in Amelia, La., for scrapping. Additionally, the company's diving team is working in Mobile Bay, to correct an 11 degree starboard list to U.S. Navy submarine Drum, at the U.S.S. Alabama Battleship Memorial Park.