Torch
Offshore announces contract for Alba Project in Africa with Marathon
Posted: 13 May 2004
Torch Offshore, Inc. has signed a contract with Marathon E.G. Production
Limited to perform the installation of five pipelines and an umbilical
for the export facility of the Marathon gas plant extension in Malabo,
Bioko Island, Equatorial Guinea. The contract is valued at over
$12.0 million and is scheduled to commence immediately with an approximate
60-day operation on site with completion scheduled for October 2004.
The Company will utilize a marine spread made up of the Midnight
Brave to perform the pipelay and umbilical installation and the
Midnight Carrier as a support vessel.
Lyle G. Stockstill, Torch Offshore, Inc. Chairman and Chief Executive
Officer, commented, "The project award from Marathon is a match
to our strategy to develop our pipelay business internationally.
We have identified other potential projects in West Africa, and
will continue to bid on a selected manner."
Established in 1978, Torch Offshore, Inc. is involved in offshore
pipeline installation and subsea construction for the oil and natural
gas industry. Torch Offshore, Inc. is expanding beyond its established
shallow water niche market in order to serve the industry's worldwide
growing needs in the deep waters.
For more information see www.torchinc.com
Posted by Richard Price,
Editor Pipeline Magazine
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