Gulf Island (GIFI) Unit Signs $125M in New Projects

Gulf Island Fabrication, Inc. (Nasdaq: GIFI), reports its subsidiary, Gulf Island, LLC, has signed contracts for the fabrication of three new projects totaling $125 million and approximately 1.2 million man-hours which will be included in the Company’s consolidated backlog when the Company announces its earnings results for the second quarter ended June 30, 2011. The three contracts are for:

• A 320 feet long by 160 feet wide dry dock awarded by the Terrebonne Port Commission for the LaShip project.
  
  
• A 6,200 ton Process Module for ATP Oil & Gas Corporation’s Cheviot project managed through Bluewater Industries.
  
  
• A 7,000 ton topsides for Williams Partners’ proprietary floating-production system, Gulfstar FPS.

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