Article: Global Industries, Ltd. Awarded Additional Work by PEMEX.

CARLYSS, La., Dec. 13 /PRNewswire-FirstCall/ -- Global Industries, Ltd. announced today that its wholly owned subsidiary, Global Offshore Mexico, S. de R.L. de C.V, has been awarded additional work amounting to about $40 million by PEMEX, the national oil company of Mexico. The newest work will involve the dismantling of a drill rig which was involved in an accident on October 23, 2007.

Global's Titan 2, which was nearby completing work on the Ixtal Project, was immediately dispatched to the scene of the accident to assist in the rescue efforts. Now that those efforts are complete, PEMEX has chosen Global to conduct the decommissioning and dismantling of the ...

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