Friday, May 8, 2009

Global Offshore signs $35M deal with India biz

CARLYSS, La. – Global Offshore International Ltd., a wholly owned subsidiary of Global Industries Ltd., was awarded a two-year contract with The Shipping Corp. of India Ltd., for diving services, personnel, and equipment maintenance to be performed off the shore of India aboard three Oil and Natural Gas Corp. vessels.

The contract, which is valued at approximately $35 million, has an option to be extended for up to six additional months, said the company.

Global Offshore International is a service provider of offshore construction, engineering, project management and support services including pipeline construction, platform installation and removal, deepwater/SURF installations, inspection, repair and maintenance and diving to the oil and gas industry worldwide. Global Offshore has annual revenue of more than $124 million and more than 1,600 employees. The water, sewer and utility construction company was founded in 1995 and is based in Carlyss.

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