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OFFSHORE PIPELINES ANNOUNCES NEW PROJECTS TOTALLING $102 MILLION

 HOUSTON, Nov. 29 /PRNewswire/--Offshore Pipelines, Inc. ("OPI") (NYSE: OFP) today announced that its operating companies and joint ventures have been awarded several offshore construction projects with a total contract value of approximately $102 million.
 New projects awarded consist principally of work in Mexico for Petroleos Mexicanos, through OPI's association with CCC Fabricaciones y Construcciones, projects in West Africa for subsidiaries of Chevron Overseas Petroleum and a new project in Venezuela. The majority of these contracts will be performed during the company's 1994 fiscal year.
 These awards bring OPI's total backlog for committed work to a record high of approximately $430 million, of which approximately $236 million is to be performed by joint venture companies.
 OPI operates one of the largest marine construction fleets in the world, capable of handling a full range of services to the worldwide oil and gas industry. The company is an industry leader in the fabrication and installation of offshore platforms, the laying of marine pipelines, and the salvage, refurbishment, and installation of recycled offshore structures.
 -0- 11/29/93
 /CONTACT: Victor M. Perez, senior vice president, corporate finance, of Offshore Pipelines, Inc., 713-952-1000/
 (OFP)


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

GK-SP -- NY042 -- 8275 11/29/93 12:07 EST
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Publication:PR Newswire
Date:Nov 29, 1993
Words:209
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