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.
Source: MarineLog