Gulf Island Fabrication gets authorization for deepwater topsides project"

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September 20, 2010

Gulf Island Fabrication gets authorization for deepwater topsides project

Gulf Island Fabrication, Inc. (NASDAQ: GIFI) announced today, that through its subsidiary Gulf Marine Fabricators, L.P., it received a Letter of Authorization to enter into a contract for the fabrication and integration of the topsides of a major deepwater Gulf of Mexico project. The signing of the contract is contingent upon the sanctioning of the project at a later date. Gulf Island says that terms of the contract including pricing have been finalized, however it has not disclosed the contract value.


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