HOUSTON, Dec. 15 /PRNewswire-FirstCall/ -- Cal Dive International, Inc.
(Nasdaq: CDIS) and Enterprise Products Partners, L.P. (NYSE: EPD) have
completed a transaction in which Cal Dive has acquired a 20% interest in
Independence Hub, LLC, an affiliate of Enterprise Products Partners L.P.
Independence Hub, LLC will own the "Independence Hub" platform to be located
in Mississippi Canyon block 920 in a water depth of 8,000 feet.
    Independence Hub, LLC has previously executed agreements with the Atwater
Valley Producers Group of five exploration and production companies for the
dedication and processing of natural gas and condensate production from fields
in the Atwater Valley, DeSoto Canyon and Lloyd Ridge areas of the deepwater
Gulf of Mexico on the Independence Hub platform.  As part of that transaction,
the producers have also dedicated future production from a number of
undeveloped blocks in the area for processing.
    The 105 foot deep draft, semi-submersible platform will serve as a
regional hub for natural gas production from multiple ultra-deepwater fields
in the previously untapped eastern Gulf of Mexico.  The platform, which is
estimated to cost approximately $385 million, will be capable of processing
850 million cubic feet of gas per day.  It is designed to process production
from six anchor fields and has excess payload capacity to tie back up to
10 additional fields.
    The platform is well underway with all key engineering and fabrication
contracts already in place.  Installation of the platform is scheduled for
late 2006 and first production is expected in 2007.
    Martin Ferron, President and Chief Operating Officer, stated, "With our
involvement at the Marco Polo TLP and now the Independence Hub platform, we
believe this demonstrates the repeatability of our Production Facilities
business segment model.  This model involves the provision of floating
production systems on a fixed demand payment plus tariff basis, while
providing opportunities for both marine contracting work and proven
undeveloped (PUD) reservoir acquisitions."

    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 and attached presentation contain 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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