TransCoastal Purchases Barge for Pipeline Burial
HOUSTON--(BUSINESS WIRE)--June 11, 1998--TransCoastal Marine Services Inc. (Nasdaq:TCMS - news) has significantly expanded its pipeline burial capabilities with the acquisition of the Bury Barge 356 from J. Ray McDermott Holdings Inc. The barge can lower pipe as large as 60 inches in diameter as much as 16 feet below the seabed in water depths up to 260 feet. The vessel, which uses eight-point mooring, will be ready for service by September.
''The companies that TransCoastal acquired in 1997 collectively ranked among the largest providers of pipeline burial services in the Gulf of Mexico without a single barge built specifically for that purpose,'' said Bill E. Stallworth, chairman and CEO of TransCoastal. ''Not only does the 'Bury Barge 356' represent a significant addition to our capacity to perform pipeline burial work, it also adds flexibility in the utilization of other vessels in our fleet.''
TransCoastal Marine Services Inc., headquartered in Houston, is a marine construction company. Its services include pipeline installation and repair, primarily in the transition zone and shallow-water regions along the U.S. Gulf Coast. For all water depths, the company performs hydrostatic testing and commissioning of pipelines, plus fabrication and refurbishment of offshore drilling rigs, barge drilling rigs and structural components of fixed platforms.
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Contact:
TransCoast Marine Serivices Inc., Houston
Johnnie W. Domingue, 713/787-1375 |
