Bechtel and Gulf Island Fabrication Partner for New Offshore Projects

HOUSTON, Texas - July 30, 2014

Collaboration Builds on Companies’ Proven Records in Offshore Construction

Bechtel and Gulf Island Fabrication, Inc. announced that they will pursue opportunities together in the offshore market in the Gulf of Mexico and around the world. The combination of Bechtel’s engineering, procurement, and direct-hire construction capabilities and Gulf Island’s fabrication experience, available infrastructure, and skilled craft workforce provides customers a comprehensive resource to build offshore facilities or expand existing ones.

“With increased demand for energy around the world, oil companies continue to expand and develop more complex offshore projects and will need reliable contractors to deliver them,” said Joe Gebara, general manager of Bechtel’s Offshore business. “The agreement between Bechtel and Gulf Island Fabrication creates a world-class team to meet that need,” he said. “Gulf Island’s record of fabricating some of the most challenging offshore structures makes the company a strong partner for Bechtel, and we look forward to working together to successfully deliver for our customers.”

”Gulf Island is excited about the cooperation with Bechtel, which combines our fabrication expertise and specialized capabilities with one of the most respected engineering, procurement, and construction companies in the world,” said Kirk Meche, president and CEO of Gulf Island.  “Together we offer a new approach to deliver offshore projects which incorporates innovative solutions and flexibility to meet and exceed client expectations and requirements.”

The Bechtel-Gulf Island team will serve the Gulf of Mexico and other markets from their offices in Houston. A global industry leader, Bechtel has extended its industry-leading engineering, procurement, and construction expertise to the offshore industry. Gulf Island is a leading fabricator of drilling and production platforms, hull and deck sections of floating production platforms, and specialized structures.

About Bechtel

Bechtel is one of the most respected global engineering, construction, and project management companies. Together with our customers, we deliver landmark projects that foster long-term progress and economic growth. Since 1898, we’ve completed more than 25,000 extraordinary projects across 160 countries on all seven continents. We operate through four global businesses: Infrastructure; Nuclear, Security & Environmental; Oil, Gas & Chemicals; and Mining & Metals. Our company and our culture are built on more than a century of leadership and a relentless adherence to our values, the core of which are safety, quality, ethics, and integrity. These values are what we believe, what we expect, what we deliver, and what we live.