Houston TX - Cal Dive International, Inc. (Nasdaq: CDIS) has been awarded a unique contract by Forest Oil Corporation (NYSE: FST) covering full life cycle services for Forest's Ship Shoals 276 subsea tie-back project. In 1998, Cal Dive will provide project management, engineering, procurement, installation and commissioning services related to subsea wellhead installation and subsea tree tie-back to Forest's Ship Shoals 277 platform. The subsea tie-back will consist of a single 4.5" diameter pipeline with a control umbilical laid simultaneously in 210' fsw. In due course, Cal Dive will plug and abandon the flowline and remove the supporting platform facilities.
Owen Kratz, Chairman & Chief Executive Officer, commented that "Cal Dive is now positioned to offer customers a one stop shop for all aspects of field development and abandonment. This allows clients to minimize contractor interfaces and accurately assess costs across the complete field life cycle."
Cal Dive International, headquartered in Houston, Texas is a leading subsea services contractor which operates the largest fleet of permanently deployed dynamically positioned support vessels in the Gulf of Mexico.