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Friede Goldman Receives Conversion Project

Maritime Activity Reports, Inc.

December 9, 1999

Friede Goldman Offshore, the offshore energy division of Friede Goldman Halter, Inc., has been awarded a contract from Oceaneering International, for the shipyard work in Oceaneering's conversion of its Marine 7 jackup to a production unit. The unit will operate in the Legendre North and South fields on the Northwest Shelf of Western Australia.
The orderbook for U.S. dredgers is about $3B, and according to DCA CEO Bill Doyle, the incoming political administration could help this niche maritime sector continue its bull run.
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