American Oilfield Divers' jackup derrick barge involved in mishap.LAFAYETTE, La.--(BUSINESS WIRE)--April 28, 1997--American Marine Construction, a subsidiary of 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 150-foot jackup derrick barge, the AMERICAN INTREPID (also known as the Pool Ranger IV), began to list at approximately 6:00 a.m. yesterday morning. At that time, all personnel aboard were safely evacuated. At about 8:20 a.m., the rig then sank in the 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 in approximately 50 feet of water, approximately seven miles south of Grand Isle, Louisiana Grand Isle is a town in Jefferson Parish, Louisiana, on a barrier island of the same name. The island is at the mouth of Barataria Bay where it meets the Gulf of Mexico. As of the 2000 census, the town population was 1,541; during summers, the population has increased to over . AOD See HD DVD. time-chartered the jackup barge from Pool Company. No personal injuries requiring medical attention were reported. The AMERICAN INTREPID was mobilized on a salvage project. The United States Coast Guard United States Coast Guard U.S. military service that enforces maritime laws. It is under the jurisdiction of the Department of Homeland Security; in wartime it functions as part of the U.S. Navy. The Coast Guard enforces federal laws on the high seas and waters within U.S. and other appropriate authorities were notified immediately and, together with AOD, are continuing to investigate this matter. American Oilfield Divers is a leading provider of diving services, subsea products, marine construction and environmental services to the offshore oil and gas industry, primarily in the U.S. Gulf of Mexico, U.S. West Coast, internationally and to certain U.S. inland customers. CONTACT: American Oilfield Divers Inc., Lafayette Greg Rosenstein, 318/234-4590 Manager of Investor Relations or Cathy Green, 318/234-4590 Chief Financial Officer |
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