Gulf Island Fabrication, Inc. Signs Contract for Fabrication of 335 Class Liftboat

  Gulf Island Fabrication, Inc. Signs Contract for Fabrication of 335 Class
  Liftboat

Business Wire

HOUMA, La. -- September 18, 2012

On September 18, 2012, Gulf Island Fabrication, Inc. (NASDAQ: GIFI) announced
that its subsidiary, Gulf Island Marine Fabricators, L.L.C., signed a contract
for the fabrication of a 335 Class, 185 feet long by 135 feet wide by 15 feet
deep, offshore liftboat for Montco Offshore, Inc., a marine operator based in
Galliano, LA. When completed, this will be the second 335 Class liftboat the
Company has built for Montco Offshore, Inc. Revenue and man-hour backlog
related to this project will be included in the Company’s consolidated backlog
when the Company announces its earnings results for the quarter ended
September 30, 2012.

Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a leading
fabricator of offshore drilling and production platforms, hull and/or deck
sections of floating production platforms and other specialized structures
used in the development and production of offshore oil and gas reserves. These
structures include jackets and deck sections of fixed production platforms;
hull and/or deck sections of floating production platforms (such as tension
leg platforms (“TLPs”), “SPARs,” “FPSOs” and “MinDOCs”), piles, wellhead
protectors, subsea templates and various production, compressor and utility
modules, offshore living quarters, towboats, liftboats, tanks and barges. The
Company also provides offshore interconnect pipe hook-up, inshore marine
construction, manufacture and repair of pressure vessels, heavy lifts such as
ship integration and TLP module integration, loading and offloading of jack-up
drilling rigs, semi-submersible drilling rigs, TLPs, SPARs, or other similar
cargo, onshore and offshore scaffolding, piping insulation services, and steel
warehousing and sales.

Contact:

Gulf Island Fabrication, Inc.
Kerry J. Chauvin, 985-872-2100
Chief Executive Officer
or
Roy F. Breerwood, III, 985-872-2100
Chief Financial Officer
 
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