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Article: Torch Offshore Announces Near 100% Utilization of the Midnight Rider.
- Article from:
- Business Wire
- Article date:
- April 3, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors & Energy Writers
NEW ORLEANS--(BUSINESS WIRE)--April 3, 2002
Torch Offshore, Inc. (Nasdaq:TORC), an offshore construction and pipelay company serving the oil and gas industry, announced today that the Midnight Rider has had nearly 100% utilization since it began its first project on December 7, 2001.
The Midnight Rider, a pipelay/bury barge, was purchased in June 2001 to expand the Company's capabilities on the Gulf of Mexico (GOM) Shelf, both in water depth and pipeline diameter. The barge immediately entered drydock to return it to class and to make minor modifications to improve its capabilities, all completed on time and on ...