Global Industries, Ltd. (GLBL) Awarded Subsea Development Project by LLOG Deepwater Development Company

QualityStocks would like to highlight Global Industries, Ltd (NASDAQ: GLBL), a leading solutions provider of offshore construction, engineering, project management and support services, including pipeline construction, platform installation and removal, deepwater/SURF installations, IRM, and diving to the oil and gas industry worldwide.

In the company’s news yesterday,

Global Industries announced that LLOG Deepwater Development Company, L.L.C. awarded the company a project to undertake the installation of a deepwater subsea development in the Gulf of Mexico. Scheduled to begin in May, the project will take place in Blocks MC 503/547.

As per the project guidelines, Global Industries will install 19 miles of 10-inch export oil pipeline, 17 miles of 14-inch gas pipeline, 10 miles of 6-inch insulated rigid flowlines, 6 flexible risers, nine jumpers and jumper tie-ins, three subsea manifolds, 6 PLETs, and other additional equipment.

Global will use four vessels to execute this project: the 485-foot DLB Hercules, a DP-2 equipped vessel with a crane capable of lifting 2,000 tons; the Global Orion, a DP-2 equipped multi-service vessel; the Olympic Challenger, a 347-foot, DP-2 multi-service subsea construction vessel equipped with two 200hp Schilling UHD ROVs; and the Chickasaw, a 275-foot reel ship.

On receiving the project, John B. Reed, Global CEO, commented, “We are extremely pleased and proud that LLOG Deepwater chose Global to handle this deepwater project. We continue our focus on execution excellence in increasingly challenging deepwater projects and look forward to assisting LLOG in achieving a successful outcome for the ‘Who Dat’ project.”

About QualityStocks

QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.

To sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.