Panyu/Huizhou pipelay contract let

China National Offshore Oil let a $125-million contract to GIL Mauritius Holdings, a Global Industries Ltd. subsidiary, to install 338 km of 20-in. diameter pipeline and 1.8 km of 12-in. pipeline for the Panyu/Huizhou Gas Development Project.

March 4, 2005

By OGJ editors

HOUSTON, Mar. 3 -- China National Offshore Oil Corp. (CNOOC) has let a $125-million contract to GIL Mauritius Holdings Ltd., a Global Industries Ltd. subsidiary, to install 338 km of 20-in. diameter pipeline and 1.8 km of 12-in. pipeline for the Panyu/Huizhou Gas Development Project in the South China Sea.

CNOOC will use the Hercules pipelay/derrick barge to lay the gas lines by conventional pipelay during 2005 and 2006.