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    Horizon Offshore and Cal Dive form deepwater JV

    News // February 9, 2001
    Horizon Offshore has signed a Letter of Intent with Cal Dive International to conduct reeled pipelay projects in deepwater areas of the Gulf of Mexico.

    The two companies will jointly fund construction of pipelay equipment to be used in conjunction with CDI's dynamically positioned (DP) vessel, the Sea Sorceress, currently undergoing conversion. In addition, Horizon will construct a pipe spooling facility at its Port Arthur, Texas, shore base.

    Once finalised, the joint venture will allow the two companies to perform small diameter pipelay projects in water depths of 800ft and deeper, combining Horizon's expertise as a leading provider of pipelay services to the energy industry with CDI's experience as operator of the Gulf of Mexico's largest fleet of permanently deployed DP support vessels.

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