Stock Report: Cal Dive International Inc. (DVR) Report Updated: Jun 17, 2013 | Print This Page

Cal Dive International, Inc., a marine contracting company, provides manned diving, pipelay and pipe burial, platform installation, and platform salvage services to the offshore oil and natural gas industry. It offers marine contracting services to support the production lifecycle of the offshore oil and natural gas industry, including subsea services on production platforms, risers, subsea production systems, and pipelines. The company owns and operates a fleet of 29 vessels comprising 19 surface and saturation diving support vessels, 6 pipelay/pipebury barges, 1 dedicated pipebury barge, 1 combination derrick/pipelay barge, and 2 derrick barges. It has operations in the Gulf of Mexico Outer Continental Shelf, the northeastern United States, Latin America, southeast Asia, China, Australia, the Middle East, and the Mediterranean. The company’s customers primarily consist of major and independent oil and natural gas producers, pipeline transmission companies, and offshore engineering and construction firms. Cal Dive International, Inc. has a strategic partnership with Fugro-TSM Pty Ltd. The company was founded in 1975 and is headquartered in Houston, Texas.