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.
SOURCE 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