Cal Dive Awarded Major Salvage Contract

HOUSTON (ots-PRNewswire) - Cal Dive International, Inc.(Nasdaq: CDIS) has been awarded a contract to decommission SabinePass No. 9, a field and production facility owned by SonatExploration Company Inc. The turnkey contract includes theremoval of one caisson and nine platforms: one 8-pile, one 6-pile, three 4-pile and four 3-pile. In addition, the structurescontain 24 wells to be plugged and abandoned and 30 associatedpipelines to be decommissioned. Cardinal Services has beenengaged to plug and abandon (P&A) the wells. Cal Dive anticipatesusing a wide array of equipment on the project: the Cal DiveBarge I will remove small structures while the Cal Diver II and Vwill assist with debris removal, pipeline abandonment andprepping the platforms. Cardinal will utilize three lift boatsfor the P&A phase and two derrick barges owned by alliancepartner Horizon Offshore will handle heavy lift requirements. Owen Kratz, Chairman and Chief Executive Officer, stated, "TheSonat assignment demonstrates why Cal Dive is the dominant playerin the Gulf of Mexico salvage market. Using resources from ourfleet and alliance partners we were able to offer a fixed priceon a complex decommissioning project that involves the removal ofa significant number of structures and coiled tubing down holework." Cal Dive International, Inc., headquartered in Houston, Texasoperates a fleet of technically advanced marine constructionsupport vessels and conducts salvage operations in the Gulf ofMexico. Energy Resource Technology, Inc., a wholly ownedsubsidiary, acquires and operates mature offshore properties aspart of CDI decommissioning services. ots Original Text Service:Cal Dive International, Inc. Internet: http://www.newsaktuell.deContact: Jim Nelson, Chief Financial Officer of Cal DiveInternational, Inc., 281-618-0400 Company News On-Call:http://www.prnewswire.com or fax, 800-758-5804, ext 124374 Website: http://www.caldive.com

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