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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: marc chatman who wrote (54123)	11/5/1999 9:30:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Just my luck - The market closed 15 seconds before my market order to buy GLBL hit. Friday November 5, 6:13 pm Eastern Time Company Press Release Global Divers Completes Complex Pipeline By-Pass Project in the Gulf of Mexico HOUSTON--(BUSINESS WIRE)--Nov. 5, 1999--Global Divers & Contractors, Inc., a wholly owned subsidiary of Global Industries (Nasdaq:GLBL - news), rerouted a 20-inch pipeline through an in-line booster pump station platform this summer at Main Pass Block 69 in the Gulf of Mexico. The operation for Equilon Enterprises LLC involved what is believed to be the largest series of mechanical pipeline connectors ever used in one project application. The project was completed in August to increase flow volumes in the 20-inch line. In the first phase of the project, Global Industries' Offshore Construction Division used the derrick barge Arapaho to install the four-pile pump station platform in 33 feet of water. The platform - with a 180-ton jacket, 570-ton deck, and 650-ton pump module - was installed in July approximately 140 feet from the 20-inch pipeline. In the second phase of the project, Global Divers & Contractors installed a series of three individual pipeline connectors (a 20 x 12-inch hot tap, a 20-inch line stopple, and a 20-inch end connector) to reroute one end of the 20-inch pipeline to the pump station platform. To reroute the pipeline from the platform, a duplicate series of 20-inch connectors was installed in reverse order. Two 20-inch tie-in spools, about 140 feet long each, connected the platform risers to the 20-inch line at each end connector. To maintain production flow during the operation, Global Divers installed a 12-inch pipeline by-pass spool that connected the hot taps and diverted production during the reroute operation. Also installed were four sets of anchor pile support assemblies along the 20-inch line to provide extra support against the soft bottom soil. Each anchor assembly was hydraulically drilled 65 feet into the sea bottom and secured by clamps to the pipeline. Diving services were conducted from Global's Manta Ray liftboat.