Global Industries, Ltd. (GLBL) Awarded Subsea Development Project by LLOG Deepwater Development Company
Today, leading offshore service solutions provider, Global Industries, Ltd. announced that LLOG Deepwater Development Company, L.L.C. awarded the company a project to undertake the installation of a deepwater subsea development in the Gulf of Mexico. Scheduled to begin in May, the project will take place in Blocks MC 503/547. As per the project guidelines, Global Industries will install 19 miles of 10-inch export oil pipeline, 17 miles of 14-inch gas pipeline, 10 miles of 6-inch insulated rigid flowlines, 6 flexible risers, nine jumpers and jumper tie-ins, three subsea manifolds, 6 PLETs, and other additional equipment. Global will use four vessels…