HOUSTON, March 15 /PRNewswire-FirstCall/ -- Energy Resource Technology,
Inc., (ERT), a wholly owned subsidiary of Cal Dive International, Inc.
(Nasdaq: CDIS), has taken a 30% working interest in Telemark, a Deepwater
discovery operated by Norsk Hydro USA Oil & Gas, Inc. which now owns a 70%
working interest in the development.  The Telemark development is located in
4,300 feet of water at Atwater Block 63 and was discovered in the year 2000
under the initial prospect name "Champlain."
    Norsk Hydro had already formed a project team, which will be located in
Hydro's office in Houston, Texas, and Cal Dive and ERT personnel will be
actively working on the team.  The project is currently in the preliminary
engineering design phase of development.
    Cal Dive Chairman and CEO, Owen Kratz, indicated, "Cal Dive is pleased to
be working with Norsk Hydro who, like us, has a reputation for bringing speed
and innovation to their development activities.  Participation in this
development is in-line with Cal Dive's strategy to be a Production-Contractor
through our unique mix of production and contracting expertise."
    Cal Dive and ERT have been active in the deepwater Gulf of Mexico during
the past three years with their participation as a 20% working interest owner
in the Gunnison Spar development, as well as innovative infrastructure
ownership participation as a 50% owner of the Marco Polo TLP, and a 20% owner
of the Independence Hub.

    Cal Dive International, Inc., headquartered in Houston, Texas, is an
energy service company which provides alternate solutions to the oil and gas
industry worldwide for marginal field development, alternative development
plans, field life extension and abandonment, with service lines including
marine diving services, robotics, well operations, facilities ownership and
oil and gas production.
    This press release contains forward-looking statements that involve risks,
uncertainties and assumptions that could cause our results to differ
materially from those expressed or implied by such forward-looking statements.
All statements, other than statements of historical fact, are statements that
could be deemed "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including, without limitation, any
projections of revenue, gross margin, expenses, earnings or losses from
operations, or other financial items; any statements of the plans, strategies
and objectives of management for future operations; any statement concerning
developments, performance or industry rankings relating to services; any
statements regarding future economic conditions or performance; any statements
of expectation or belief; and any statements of assumptions underlying any of
the foregoing.  The risks, uncertainties and assumptions referred to above
include the performance of contracts by suppliers, customers and partners;
employee management issues; as described from time to time in our reports
filed with the Securities and Exchange Commission, including the Company's
Annual Report on Form 10-K for the year ending December 31, 2003.  We assume
no obligation and do not intend to update these forward-looking statements.

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