Server: Microsoft-IIS/2.0 Date: Thu, 20 Nov 1997 18:58:07 GMT Content-Type: text/html Accept-Ranges: bytes Last-Modified: Tue, 02 Sep 1997 13:16:46 GMT Content-Length: 6402 Halter Marine Group, Inc. - Press Release

PRESS RELEASE
For release: June 24, 1997
Contact: A. J. Rizzo
Tel: 504-248-2237

 

TDI-HALTER TO CONVERT DIAMOND OFFSHORE "OCEAN WARWICK" TO A CANTILEVERED DRILLING UNIT

 

HOUSTON, Tex... TDI-HALTER, Inc., Houston, Tex., has signed a contract with Diamond Offshore Drilling, Inc., Houston, Tex., for the conversion of the Levingston III slot drilling unit, Ocean Warwick, to a cantilevered drilling unit. The work will be done at TDI-Halter's North Yard in Port Arthur, Tex., and completion is expected in about eight months.

Don Covington, president of TDI-HALTER, Inc., said, "This jackup cantilevered conversion continues TDI's key role in Diamond Offshore's fleet upgrade program. This is the first jackup conversion, but our fourth project following three Victory class semisubmersible conversions for Diamond. The Victory semisubmersible conversions were the Ocean Quest in 1996, the Ocean Star in early 1997, and the Ocean Victory, which will deliver in September. We are in the completion phase of that project now which will increase the rig's water depth capability from 600 feet to 5,000 feet. Diamond Offshore is a valued customer and we are pleased to begin another project with them."

TDI-HALTER, Inc. is part of the Halter Marine Group, Inc., (AMEX:HLX) Gulfport, Miss. TDI-HALTER specializes in the construction, conversion and repair of mobile offshore drilling units. Other Halter shipyards design, build, convert and repair a wide variety of vessels for commercial, government and pleasure boat markets. Shipyards of the Halter Marine Group have built more than 2000 vessels in the past 40 years.

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