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Stock Market & Financial Investment News

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March 27, 2013
08:02 EDTDVRCal Dive awarded Pemex project
Cal Dive International has been awarded a contract by Pemex Exploración y Producción for the engineering, procurement, installation and commissioning of 12 kilometers of eight inch subsea pipeline and associated tie-ins on four existing platforms located in the Abkatun-Pol-Chuc Field in the Bay of Campeche. The contract is expected to generate total revenue of approximately $63M and will utilize three of the Company’s vessels. The offshore construction is expected to commence in the third quarter 2013.
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