Global Industries, Ltd.Peter S. Atkinson

President

Global Industries, Ltd.Peter S. Atkinson

President

IPAANew York

April 19th, 2004

IPAANew York

April 19th, 2004

Safe Harbor StatementSafe Harbor Statement

“This presentation contains statements that are not historical facts and such statements are “forward-looking statements” within the meaning of section 27A of the U.S. Securities act of 1933 and section 21E of the U.S. Securities exchange act of 1934. These forward-looking statements reflect the company’s current intentions, plans, assumptions and beliefs about future events and financial performance and are subject to risks, uncertainties and other factors, many of which are outside the company’s control. A discussion of these factors is included in the company’s periodic reports filed with the U.S. Securities and exchange commission. In light of the risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur at that these projections will be achieved, and actual results could differ materially from those projected as a result of certain factors. We undertake no obligation to update or revise our forward-looking statements because of new information, future events or any other reason.

This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, or the solicitation of a proxy or an attempt to influence any voting of securities, by any person.”

Agenda

Assets & Facilities Customers & Competitors Industry Overview Project Execution Mexico Outlook Going Forward Questions and Answers

Assets & FacilitiesAssets & Facilities

In the Beginning, 1973In the Beginning, 1973

Price per gallon of gas = $.40 Price per MCF natural gas = $.22 Global gross revenues = $200,000 Net Earnings = {$40,000} Vessels Owned = 0 Total Employees = 2 Divers:

Byron Gray, Roland Bouchard

Total Yard Personnel = 1: Joe Thornton Total Office Personnel = 1: Kathryn Legendre Company Vehicles = 1: Truck Age of Owner = 30 years old Office Building = Trailer

Present Day, 2004Present Day, 2004

Global gross revenues = $500 M Vessels Owned = 68

Total Employees = 2,000 Office Building = 15 Locations

CarlyssHouston

New Iberia

NigeriaAngolaGhana

India

SharjahChina

ThailandSingaporeIndonesia

BruneiMalaysiaAustralia

GOM Inter/Deep

Latin America/Mexico West Africa

Asia Pacific

GOM Inter/Deepwater 5 vesselsLatin America/Mexico 2 vesselsMediterranean 2 vesselsWest Africa 3 vesselsAsia Pacific 3 vessels

Total 15 vessels* Excludes liftboats, DSV, OSV, cargo/launch barges and crew boats

* Includes MSV Pioneer

Worldwide Operations in 27 CountriesMajor Combination Derrick/Pipelay BargesWorldwide Operations in 27 CountriesMajor Combination Derrick/Pipelay Barges

China

Two Operating SegmentsTwo Operating Segments

Global Industries LTD

Offshore

Construction Division

(OCD)

Offshore

Construction Division

(OCD)

Global Divers &

Marine Contractors

(GDMC)

Global Divers &

Marine Contractors

(GDMC)

Worldwide

Subsea completions

Wet and hyperbaric welding

Technology and Experience

Saturation diving to 1,500 feet

Nuclear power plant maintenance

Global Divers Marine ContractorsDiving ServicesGlobal Divers Marine ContractorsDiving Services

Gulf of Mexico (22)

Abandonment support

Diving support

Water depths up to 180 feet

Installation/repair

Pipeline installation

Gulf of Mexico (22)

Abandonment support

Diving support

Water depths up to 180 feet

Installation/repair

Pipeline installation

Global Divers Marine ContractorsLiftboat ServicesGlobal Divers Marine ContractorsLiftboat Services

Pipeliner 5

Length: 180 ft.

Sea Constructor

Length: 250 ft.

Global Divers Marine Contractors Coastal VesselsGlobal Divers Marine Contractors Coastal Vessels

Offshore Construction DivisionOffshore Construction Division Deepwater Projects Large Diameter Pipelines Salvage Projects

Hercules

Length: 513 ft.

Lift (tons): 2000

Offshore Construction Division (OCD)HerculesOffshore Construction Division (OCD)Hercules

Titan 2

Length: 457 ft.

Lift (tons): 880

Offshore Construction Division (OCD) Titan 2Offshore Construction Division (OCD) Titan 2

Comanche

Length: 400 ft.

Lift (tons): 1,000 s.t.

Cheyenne

Length: 350 ft.

Lift (tons): 800 s.t.

Navajo

Length: 240 ft.

Lift (tons): 150 s.t.

West AfricaOCD VesselsWest AfricaOCD Vessels

Iroquois

Length: 400 ft.

Lift (tons): 250 s.t.

Tonkawa

Length: 250 ft.

Lift (tons): 175 s.t.

Mediterranean & Middle EastOCD VesselsMediterranean & Middle EastOCD Vessels

DLB 332

Length: 352 ft.

Lift (tons): 750 s.t.

DLB 264

Length: 400 ft.

Lift (tons): 1,100 s.t.

Seminole

Length: 424 ft.

Lift (tons): 800 s.t.

Asia PacificOCD VesselsAsia PacificOCD Vessels

Customers & CompetitorsCustomers & Competitors

Traditional CustomersTraditional Customers

Russian companiesFull IOC access

NOC (no equity access)

NOC (equity access)

Source: PFC Upstream Competition Service & BP; reserve figures are conventional billion boe, 2001

140 / 7% 113 / 6%324 / 17%

1,354 / 70%

STATOIL

Growing Significance of National Oil Co. (NOC’s)RESERVESGrowing Significance of National Oil Co. (NOC’s)RESERVES

CompetitorsCompetitorsJ.

RAY

McDERM

OTT

HYUNDAI HEAVY INDUSTRIES

Industry Overview

Industry Overview

Industry Considerations — 2001 - 2003Industry Considerations — 2001 - 2003

Over capacity Industry continued to maintain construction fleet despite soft market Extremely competitive industry; driving down margins and driving up project risk

Very poor results Under-bidding First-of-kind development (high-risk) Poor execution Onerous Terms: EPIC fixed-price contracts

Risks were rising, not falling Larger, deeper, more complex projects Project insurance difficult to obtain/expensive Variation orders, litigation, receivable claims and collection difficulties Consistent delays for deepwater projects despite increase in number of projects

Industry Considerations — The Good NewsIndustry Considerations — The Good News

Several new management teams Improving coordination, best practices Refusal of onerous contract terms Drive towards teaming on projects

Deepwater projects only delayed, not canceled (1)

150 deepwater field developments 2003-2007 (twice the previous five years) for $58 billion (+125%)

116 floating productions systems (60% more than previous five years) for $32 billion (+87%)

51,000 km offshore pipeline installations 2004-2007 for $54 billion (+30%); 30% will be deepwater with international markets leading the way

The sector has learned its lessons Poised for better margins and improved contract terms due to increased bidding

discipline, better projects execution and improving market conditions

1. Douglas – Westwood ltd., Infield Systems Ltd.1. Douglas – Westwood ltd., Infield Systems Ltd.

Project Execution

Project Execution

Project ExecutionProject Execution

Shifted focus from EPIC projects to primarily pipeline projects -- being more selective

Non-performers have been replaced

Project teams are being strengthened

Recent addition of a Commercial Manager to support change order and claim management with clients and subcontractors

On-line reporting systems are now fully operable

Operations Planning and Execution (OPE)Operations Planning and Execution (OPE)

Worldwide Resource Planning (Quarterly)

Regional Planning (Monthly)

Project Level Planning (Weekly)

Competitors Barge Schedule Commitments (as information is received)

Project Personnel Assignments (Upon Award/As Revised)

Project Controls

Global Website

Projects

Project Updates for Clients

singpem

••••••

Global Website

Barge

Global Office

Laptop DesktopCustomer Customer Customer

PDA

VSAT Communication

Global Sky - Internal

Improves administrative efficiency allowing Barge Superintendent to focus on work in progress.

Gives us data from which we can create various analyses

Provides Vessel Activity and dailyproductivity reports.

Reports online replacing ship to shore fax and email communications.

Combines Estimating and Project Management Processes.An online review Application.

Bidding ProcessBidding Process

Estimating OrganizationEstimating Organization

Estimating ManagerAsia Pacific

Bangkok, Thailand

Estimating ManagerGulf of Mexico

Carlyss, LA

Estimating ManagerMexico

Ciud Del Carmen, MX

Estimating ManagerCoastal

New Iberia, LA

Area VPAsia Pacific

Area VPGOM

Area VPMexico

PresidentGDMC

Director, EPMSME,WA,SA

Houston, TX

CORPORATE

Monte Carlo Risk Analysis on major projects.

Commercial and third party risks.

Cash flow analysis to obtain positive or neutral cash flow.

Cumulative Cash flow Curves60 day Payment Cycle - LC Option

$-

$50,000,000.00

$100,000,000.00

$150,000,000.00

$200,000,000.00

$250,000,000.00

$300,000,000.00

Nov-0

3

Jan-

04

Mar

-04

May

-04

Jul-0

4

Sep-0

4

Nov-0

4

Jan-

05

Mar

-05

May

-05

Jul-0

5

Sep-0

5

Nov-0

5

Jan-

06

Mar

-06

May

-06

Jul-0

6

Month

Val

ue

Cash Inflow

Cash outgo

Note: Barge Depreceiation expense assumed as cash expense for the purpose of this analysis

LATEST DATE 1 APR 4 EXPECTED DATE 17 MAR 4 EARLIEST DATE 1 MAR 4

TARGET DATE 16 MAR 04

Plot Date 22OCT03

(c) Primavera Systems, Inc.

MAXIMUM COST $1,669,704EXPECTED COST $1,461,709MINIMUM COST $1,257,346

TARGET COST $1,416,475

Maximum

Expected

Minimum

MONTE CARLO RISK ANALYSISCHEVRON -NIGERIA - OKAN MODULE LIFTS

Cost-Time Envelope Graph

Date Revision Checked Approved

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

0.9

1.0

1.1

1.2

1.3

1.4

1.5

1.6

In millions

Cost

18AUG

25AUG

1SEP

8SEP

15SEP

22SEP

29SEP

6OCT

13OCT

20OCT

27OCT

3NOV

10NOV

17NOV

24NOV

1DEC

8DEC

15DEC

22DEC

29DEC

5JAN

12JAN

19JAN

26JAN

2FEB

9FEB

16FEB

23FEB

1MAR

8MAR

15MAR

22MAR

29MAR

Time

Cost Probability Finish DateMaximum Cost: $1,669,703 Latest Date: 01Apr 04 Expected Cost: $1,461,709 Expected Date: 20Mar04Minimum Cost: $1,257,345 Earliest Date: 01Mar04

Target Cost: $1,416,475 Target Date: 16Mar04

Risk EvaluationRisk Evaluation

1/9/2004

Bid No. 6838WE

1

WEST AFRICA GAS PIPELINECOMPANY

West Africa Gas Pipeline Project

Management Review PresentationAugust 7, 2003

Ashit Jain

1/9/2004

Bid No. 6838WE

1

Index

Client Information

Bid Information

Scope

Contractual Items

Execution Plan

Estimate

Competitor Information

Global Vessel Commitment Schedule

Risk and Opportunity Analysis

Capex Requirements

Management Review ProcessManagement Review Process

Regional Presence

Equipment & Availability

Risk Profile

Competitive Rating

2/20/2004

Bid No. 6838WE

1

Competitor Information

Com pe titor A B C D

E quipm ent X/Y X/Y X/Y X/Y

A vailability B oth A vailable ex -GOMX Oc cupied/ Y

A vailableDB -X available ex S .A .,

ex -S E A A vailable

S trengthP roduc tivity & Reliability , Lower

trans port Cos ts ($4m ups ide)

Regional K nowlegde, Trunk line Ins tallat ions ,

Com petit iveP roduc tivity w/ 60' and

double joint ing P ric ing P ower

W eaknes sNo Regional K nowledge &

W ork E x p. Heavy bac k log

No Regional K nowledge, M ob Cos t, Current F inanc ial Condit ion

Lim ited Regional K nowledge, Unreliable,

F inanc ial condit ion, Im age, M ob Cos t

Lateral P ipeline Ins tallat ion

S ubcontrac t to W illbros / W es t A frican V entures

S m aller E quipm ent inhous e

S ubcontrac t to W illbros / W es t A fric an V entures

S ubcontrac t to W illbros / W es t A frican V entures

Landfall W orksS ubcontrac t to W illbros / W es t

A frican V enturesS ubcontrac t to HDD

Contrac torsS ubcontrac t to W illbros / W es t A fric an V entures

S ubcontrac t to W illbros / W es t A frican V entures

Nic he Long P ipelines Trunk lines N o n e NoneRis k O ffering to

Client Low Low Me d iu m HighOverall Com petit ive Rating - Relative to

Consort ium 1.1 1.25 0.95 0.9

Competitor AnalysisCompetitor Analysis

Global Star - COO PageMexico - 3 Pipeline Repair ProjectGlobal Star - COO PageMexico - 3 Pipeline Repair Project

PEMEX 18 mile 24” PipelineDLB ShawneePEMEX 18 mile 24” PipelineDLB Shawnee

7-Jan

-049-J

an-04

11-Ja

n-04

13-Ja

n-04

15-Ja

n-04

17-Ja

n-04

19-Ja

n-04

21-Ja

n-04

23-Ja

n-04

25-Ja

n-04

27-Ja

n-04

29-Ja

n-04

31-Ja

n-04

2-Feb

-044-F

eb-04

6-Feb

-048-F

eb-04

10-Fe

b-04

12-Fe

b-04

14-Fe

b-04

16-Fe

b-04

18-Fe

b-04

20-Fe

b-04

22-Fe

b-04

24-Fe

b-04

26-Fe

b-04

28-Fe

b-04

1-Mar-

043-M

ar-04

5-Mar-

047-M

ar-04

9-Mar-

0411

-Mar-

0413

-Mar-

0415

-Mar-

04

0

250

500

750

1000

1250

1500

1750

2000

2250

2500

Cumulative Plans

Cumulative Actuals

WDT

WDT

WDT

WDT

WDT

2300 Pipe Joints

Ramp Up

WDT Weather Downtime

Final Productivity Factor = 0 .86

Source: Global

Productivity Bonus Program Update 2004Productivity Bonus Program Update 2004

Chickasaw W&T Offshore 4” and 6” P/L Paid

Spool Base W&T Offshore 4” and 6” P/L Paid

Welding Crew W&T Offshore 4” and 6” P/L Paid

Chickasaw Zia Energy 5” and 5” PIP Paid

Pioneer Zia Energy 5” and 5” PIP Paid

Arapaho Mariner Energy 3 Pile Project Paid

Arapaho Apache Corp. Salvage 3 platforms Paid

Titan Pemex 3 Pipeline Repair Paid

Cherokee ATP Salvage Re-install Paid

Cherokee Unocal Salvage Tripod Paid

Cherokee Spinaker Compressor Install Paid

Cherokee BP Rig Move H&P Paid

41

Mexico OutlookMexico Outlook

Source: Banco de México

Mexico Economic EnvironmentMexico Economic Environment

$ 194$ 185$ 172$ 169IMPORTS (Billions $)

N/A$ 17$ 14$ 13Petroleum

$ 183$ 176$ 166$ 161 Total

EXPORTS (Billions $)

4.5% - 5%3.8%1.6%0.9%ECONOMIC GROWTH (Pct)

2005200420032002

PROJECTEDACTUAL

Source: Poder Magazine & *Pemex

Pemex StatementsPemex Statements

9.749.349.48Exchange Rate (Pesos per USD)

N.A.4540Staffs

N.A.94109Petrochemical

205306389Gas and basic Petrochemicals

776685730Refinery

$10.1 Billion$10.1 Billion2,3625,4695,542Exploration & Production

3,3446,5996,809Total

Investments

10,62412,96316,840Net Worth

62,95545,79243,560Liabilities

73,57958,75560,400Assets

Balance Sheet

(3,217)(3,597)(2,123)Net Income

30,97627,79730,995Taxes

$42 Billion$42 Billion29,17625,15328,872Income Before Tax

21,61921,83221,633Operating Cost

50,79546,98650,505Revenue

Income Statement

$ (Mils)$ (Mils)$ (Mils)

20042003200220012000

National oil reserves have declined at a rate of 1.8% annualy due to the lack of investment in exploration.

Source: Secretaria de Energía

Mexico Oil ReservesMexico Oil Reserves

30,000

32,000

34,000

36,000

38,000

40,000

42,000

44,000

46,000

48,000

1990 1992 1994 1996 1998 2000 2002

mm

b

Source: Secretaria de Energía

Mexico Oil Daily Production Mexico Oil Daily Production

0

500

1,000

1,500

2,000

2,500

3,000

3,500

1990 1992 1994 1996 1998 2000 2002

mbd

Total Heavy Light Super Light

Production for 2003’ was 3,370 mmb

Mexico Oil Production per RegionMexico Oil Production per Region

Cantarell field of the North-East Region represents 60% of National production.

0

500

1000

1500

2000

mbd

North-East South-West North South

Source: Secretaria de Energía

Mexico Offshore Construction ActivityMexico Offshore Construction Activity

Source: PEMEX Drilling Division

NOTES: 1) Three contracted drilling platforms 2) One contracted drilling platform 3) Four contracted drilling platforms4) A contracted riser platform

Twelve platforms have been contracted and three more are in bidding process nowadays.

RecoverWells

Marina Noreste 5 11 1 4 1 0 22 36 167

North 0 2 0 0 0 2 4 4 92

Marina Suroeste 1 16 0 1 0 1 19 20 361

Total 6 29 1 5 1 3 45 60 620

1)

3)

4)

2)

Production Riser TotalRegion .

Drilling Living quarterTrunk Pipes Kms

Type of platforms

CompressionRecover

Wells

Mexico Offshore Drilling ActivityMexico Offshore Drilling Activity

Source: PEMEX Drilling Division

DOS BOCAS FRONTERACD. DEL CARMEN

POZA RICA

TAMPICO

TUXPAN

VERACRUZ

Ayin-Alux

Crudo Ligero Marino

Ixtal-Manik

Ku-Maloob-Zaap

CantarellLankahuasa

Lobina

Carpa

Región Norte

Región Marina Noreste

Región Marina Suroeste

Yaxché

Golfo de México

New Installation Infrastructure

Offshore in the Marine Zone

New Installation Infrastructure

Offshore in the Marine Zone

Mexico Pipeline Market 2004-2005Mexico Pipeline Market 2004-2005

Global Offshore Mexico Global Projects Bid Process

PIPELINES: Competitors Projects Procurement

Prospective Work / February 2004' Bids in House Construction

Activeor

Project Start E F M A M J J A S O N D E F M A M J J A S O N D E F M A M J J A S O N D

Norte Norte 24" X 25 Km Lankahuasa Dic-02

SO Abk 8"Ø X 12.5 Kms PTB to Batab-A 31-Jul-03

SO Abk 24"Ø X 29 Kms Enlace to Uech-A 07-Ago-03

NE Cantarell 36"Ø X 53 Km Pol-A to PR-1 06-Nov-03

SO Litoral 12"Ø X 5.5 Kms Manik to Ixtal 06-Nov-03

SO Litoral 24"Ø X 18.2 Kms Ixtal to ABK-D 06-Nov-03

SO Litoral 24"Ø X 17 Kms May-A to Enlace 11-Nov-03

SO Litoral 10"Ø X 0.3 Kms May-1 to May-A 11-Nov-03

SO Litoral 20"Ø X 3 Kms May-B to May-A 11-Nov-03

SO Litoral 16"Ø X 10.3 Kms Costero to May-B 11-Nov-03

NE Cantarell 24"Ø X 2.9 Kms Akal-MB to Akal-B 18-Dic-03

NE Cantarell 24"Ø X 1.1 Kms Akal-MB to Akal-M 18-Dic-03

NE Cantarell 12"Ø X 0.4 Kms Anillo B.N. to Akal-MB 18-Dic-03

NE Cantarell EPC-77 (12 pipelines) 15-Ene-04

SO Litoral 16"Ø X 3.2 Kms Sinan-C to Sinan-D 23-Mar-04

SO Litoral 16"Ø X 0.7 Kms Sinan-B to L-16" 23-Mar-04

SO Litoral 20"Ø X 0.1 Kms Sinan-C to L-20" 23-Mar-04

SO Litoral 16"Ø X 0.9 Kms Sinan-A to L-16" 23-Mar-04

SO Litoral 16"Ø X 14 Km Yaxche-A to Puerto Ceiba 23-Mar-04

SO Litoral 12"Ø X 0.1 Km Bolontiku-A to L-24" X 29 Km 23-Mar-04

SO Litoral 16"Ø X 1.6 Km Citam-A to L-16" X 14 Km 23-Mar-04

SO Litoral 8"Ø X 11.5 Km Kab-101 to Enlace 23-Mar-04

SO Litoral 10"Ø X 21.3 Km Mison-A to Enlace 23-Mar-04

SO Litoral 10"Ø X 4 Km Mison-B to Line-10"Ø (Mison-A/Enl)23-Mar-04

4 Qtr.1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr. 1 Qtr.2003 2004 2005

2 Qtr. 3 Qtr. 4 Qtr.1 Qtr. 2 Qtr. 3 Qtr.Region DescriptionBid

Global Projects Bid Process

Competitors Projects Procurement

Bids in Home ConstructionActive

or

Project Start E F M A M J J A S O N D E F M A M J J A S O N D E F M A M J J A S O N D

NE Ku-Ma-Za 24"Ø X 2.2 Kms PP-Ku-C to PP-Ku-S 24-May-05

NE Ku-Ma-Za 12"Ø X 2.6 Kms L-20 (ZP-C/MB-A) to PP-ZP-A 24-May-05

NE Ku-Ma-Za 12"Ø X 2.9 Kms L-20 (AK-L/Ku-A) to KU-S 24-May-05

NE Ku-Ma-Za 12"Ø X 0.8 Kms L-20 (Ku-A/ZP-C) to PP-ZP-B 24-May-05

NE Ku-Ma-Za 24"Ø X 1.6 Kms PP-ZP-D to PP-ZP-A 24-May-05

NE Ku-Ma-Za 12"Ø X 4.2 Kms L-07 to PP-ZP-D 24-May-05

*Total Pipelines:

4 Qtr. 1 Qtr. 2 Qtr. 3 Qtr.

2004 2005

1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr.Region DescriptionBid

2003

Active

Global Offshore MexicoPIPELINES:

Prospective Work / February 2004'

Mexico Pipeline Market 2004-2005Mexico Pipeline Market 2004-2005

Going ForwardGoing Forward

StrategyStrategy

Maintain leadership position in mature shallow water domestic market while selectively targeting Gulf of Mexico deepwater opportunities.

Pursue growth through International expansion by:

Leveraging our position in Mexico to become Pemex’s contractor of choice,

Focus on developing new markets in Mediterranean and India.

Expand our niche underwater welding technology and pipe-in-pipe expertise into India, China and other select areas.

Pursue opportunities in Brazil and deepwater West Africa.

Continue to focus on “Transportation and Installation” rather than EPIC, “turnkey” type contracting philosophies.

Divest under-performing assets and resources.

Develop our employees into the most professional, best-organized in our industry.

Actions TakenActions Taken

We have strengthened the Organization

We have improved our reporting& Management Systems

We are just starting to see the benefits of Global Star and the barge productivity programs

Increasing Backlog

Improved PositionImproved Position

Our market does exist and is getting stronger particularly in Mexico, the Mediterranean and Offshore India

We are beginning to see a ground swell among major contractors unwilling to continue accepting the current T&C’s .

We continue to enjoy a great reputation among the London Underwriters for our contracting philosophy, employee safety and Assets preservation.

We have one of the best safety records in the industry.

Worldwide Projections

Worldwide Projections

Market ConditionsAnnual E&P Spending SurveysMarket ConditionsAnnual E&P Spending Surveys

2003 E&P spending exceeded original projections by 10%.

Worldwide E&P spending forecast to rise 4% to $145 Billion in 2004.

North American Spending to remain flat, International to increase 6%.

Solomon, Smith Barney, Lehman BrothersSolomon, Smith Barney, Lehman Brothers

2004Latin

America $40M

WestAfrica$95M

Projects Include:Prospects & Bids

50% Project Probability

$1.6 BillionMiddle East

India $280M

MED $95M

Mexico $890M

GOM $270M

AsiaPacific $50M

Worldwide Projects - by RegionStart Date 04Worldwide Projects - by RegionStart Date 04

Source: Global Analysis

2005Latin

America $100M

WestAfrica$260M

Projects Include:Prospects & Bids

50% Project Probability

$2.9 BillionMiddle East

India $110M

MED $140M

Mexico $990M

GOM $600M

AsiaPacific $700M

Worldwide Projects - by RegionStart Date 05Worldwide Projects - by RegionStart Date 05

Source: Global Analysis

04/21/23

Start date:

West Africa

Latin America

Gulf of Mexico

Asia Pacific

Mexico

Med

Middle East / India

2003

$250 M

$130 M

$105 M

$150 M

$65 M

$10 M

$20 M

2004

$65 M

$30 M

$315 M

$370 M

$240 M

$280 M

$55 M

$730 M $1.4 BTotal

Change

A 90% IncreaseA 90% IncreaseSource: Global

WW Bid Activity - by Value2003 vs 2004WW Bid Activity - by Value2003 vs 2004

Forecasted Worldwide Pipelines MilesForecasted Worldwide Pipelines Miles

Source: Infield Systems, Global

2004 2005 2006 2007 20080

2000

4000

6000

8000

Pipe

line

mile

s

6,000 - 8,000 miles per year, for next 4 -5 years6,000 - 8,000 miles per year, for next 4 -5 years

Questions & Answers

Questions & Answers