Cal Dive Awarded Pemex Contract

05 March 2009

Cal Dive International, Inc. has been awarded a contract by Pemex Exploración y Producción for the installation of 13.9 kilometers of 20 inch subsea pipeline located in the Litoral Tabasco Field, southeastern Mexico in 30 meters of water. The lump sum contract will generate total revenue of approximately $58 million and involve 114 total utilization days, utilizing two of the Company’s key assets, including a pipelay barge and a derrick barge. The offshore construction is expected to commence in May 2009.


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