Cal Dive (NASDAQ:CDIS)
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Cal Dive Installs 17 Hands and Rigel Flowline System
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.
DATASOURCE: Cal Dive International, Inc.
CONTACT: Wade Pursell, Chief Financial Officer of Cal Dive
International, Inc., +1-281-618-0400, or fax, +1-281-618-0505
Web site: http://www.caldive.com/