American Oilfield Divers, Inc. Subsidiary Awarded $4.0 Million Contract.LAFAYETTE, La.--(BUSINESS WIRE)--April 2, 1997--American Oilfield Divers, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DIVE) announced today that its American Marine Construction, Inc. ("AMC (Advanced Mezzanine Card) See AdvancedTCA. ") subsidiary was recently awarded a $4.0 million contract by Freeport Sulphur Company, a Division of Freeport McMoRan Resource Partners, for a portion of the salvage work on the Grand Isle Grand Isle can refer to:
AMC is the primary contractor for this project, as Freeport Sulphur Company is utilizing other contractors to assist in salvaging the Grand Isle Sulphur Mine. The complex, spanning one mile in length and located in water depths of 50-60 ft., will be dismantled by AMC's 165-foot jackup derrick barge, the AMERICAN INTREPRID. The project began in mid-March and is anticipated to be completed in approximately five months. American Oilfield Divers, Inc., is a leading provider of subsea Subsea is a general term frequently used to refer to equipment, technology, and methods employed to explore, drill, and develop oil and gas fields that exist below the ocean floors. This may be in "shallow" or "deepwater". services and related products, including diving, marine construction and environmental services to the offshore oil and gas industry, primarily in the U.S. Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , U.S. West Coast, internationally and to certain U.S. inland customers. CONTACT: American Oilfield Divers, Inc., Lafayette Greg Rosenstein or Cathy Green, 318/234-4590 |
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