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OFFSHORE PIPELINES, INC. ANNOUNCES QUARTERLY DIVIDEND ON PREFERRED STOCK

 HOUSTON, Sept. 10 /PRNewswire/ -- Offshore Pipelines, Inc. ("OPI") (NYSE: OFP) today announced the board of directors of OPI declared a quarterly dividend of $0.5625 per share on its $2.25 Cumulative Convertible Exchangeable Preferred Stock, payable on Oct. 15, 1993 to holders of record of the Preferred Stock on Sept. 17, 1993.
 OPI operates one of the largest marine construction fleets in the world, capable of handling a full range of large-capacity and deep-water construction projects worldwide. The company is an industry leader in laying marine pipelines; installing, salvaging, and refurbishing offshore platforms; and fabricating offshore platforms and their component parts.
 -0- 9/10/93
 /CONTACT: Victor M. Perez, senior vice president-capital markets of OPI, 713-952-1000/
 (OFP)


CO: Offshore Pipelines, Inc. ST: Texas IN: OIL SU: DIV

LG -- NY045 -- 0783 09/10/93 13:43 EDT
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Publication:PR Newswire
Date:Sep 10, 1993
Words:137
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