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OPI SIGNS LETTER OF INTENT FOR PROJECT IN WEST AFRICA

 OPI SIGNS LETTER OF INTENT FOR PROJECT IN WEST AFRICA
 HOUSTON, June 19 /PRNewswire/ -- Offshore Pipelines, Inc. (OPI)


(NYSE: OFP) today announced that its international operating subsidiary, Offshore Pipelines International, Ltd., has signed a letter of intent with ABB Lummus Overseas Corporation to install three pipelines offshore Angola in support of the Cabinda B&C Phase I project for subsidiaries of Chevron Overseas Petroleum. This award brings OPI's backlog of committed work to approximately $226 million, including approximately $30 million in joint venture companies.
 OPI will provide design support, procurement, installation, testing and burial of 42 miles of a 24 inch diameter trunkline and two miles of a 10-3/4 inch diameter pipeline. The project will commence during the second quarter of fiscal 1993 with estimated completion in the first quarter of fiscal 1994.
 Frank Wade, chairman and chief executive officer noted, "We continue to be very excited about our company's activity and prospects in the international markets. Our entry in these markets about two years ago was opportune, especially with the depressed level of activity we're seeing in the Gulf of Mexico."
 OPI operates one of the largest marine construction fleets in the world capable of providing 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- 6/19/92
 /CONTACT: Victor M. Perez, senior vice president - capital markets of Offshore Pipelines, 713-952-1000/
 (OFP) CO: Offshore Pipelines Inc. ST: Texas IN: OIL SU: CON


LR -- NY028 -- 1879 06/19/92 11:19 EDT
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Publication:PR Newswire
Date:Jun 19, 1992
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