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Global Industries Awarded Contracts to Install Pipelines Offshore Vietnam and Thailand

Source: www.gulfoilandgas.com 8/16/2007, Location: Asia

Global Industries announced that its wholly owned subsidiary Global Industries Asia Pacific Pte. Ltd. has signed a contract with Japan Vietnam Petroleum Limited (JVPC), to install pipelines for The Rang Dong and Phoung Dong Field Development Projects, located approximately 135 km (84 miles) southeast of Vung Tao, Socialist Republic of Vietnam.

The Rang Dong and Phoung Dong Field Development Projects, valued at approximately US$17 million, includes project planning, transportation and installation of four pipelines, 6” to 12” diameter with total length of 37.8 km (23.5 miles). The offshore installation is scheduled for the second quarter of 2008.

In addition, GIL Mauritius Holdings Ltd. will be providing Saipem underwater saturation diving services to support the repair of PTTEP’s 42” gas transmission trunk line in the Gulf of Thailand. The project which starts shortly is valued at approximately $10 million

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