HOUSTON, June 6 /PRNewswire-FirstCall/ -- Cal Dive International, Inc.
(Nasdaq: CDIS) recently completed the installation of Dominion Exploration &
Production's 17 Hands and Rigel flow line system. The project included the
installation subsea to subsea of 121,072 feet of 8 inch diameter pipe in water
depths ranging from 3,500 to 5,883 feet from CDI's reel lay vessel Intrepid.
The pipe lay operation was initiated at the 17 Hands well location in MC 299
utilizing Cal Dive's hinge over Pipeline End Termination ("PLET") system, an
in-line PLET was installed at the Rigel well in MC 252 then the flowline
system was terminated with a standard second end PLET at the Gemini manifold
location in MC 292. The entire flow line system was hydrotested and dewatered
utilizing CDI's semi-sub Uncle John and CDI's subsea commissioning system.
The project was completed without incident two months ahead of schedule.
Cal Dive has recently mobilized the Uncle John to install the Jumpers at
all three well locations, as well as provide early production by operating the
17 hands tree to facilitate flowing product via an IWOCS system.
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; complexities of global political and economic
developments, and other risks 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, 2004. We assume no
obligation and do not intend to update these forward-looking statements.
SOURCE Cal Dive International, Inc.
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Related links:
http://www.caldive.com
CONTACT:
Wade Pursell, Chief Financial Officer of Cal
Dive International, Inc., +1-281-618-0400, or fax,
+1-281-618-0505
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