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  September 5, 2001
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Home > Company Index > Energy > Oil & Gas Services > Horizon Offshore, Inc.

Horizon Offshore, Inc.
Nasdaq: HOFF
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 PROFILE
Scanning the sea for new business horizons is all part of a day's work for Horizon Offshore. Horizon provides offshore marine construction services to oil and gas companies, primarily in the US Gulf of Mexico. Its 11-vessel fleet installs pipelines from production platforms and other subsea sites in shallow and intermediate waters. The company also installs and removes production platforms. Horizon lays deepwater pipeline in the Gulf of Mexico, offshore Mexico, and in Central and South America. It has formed a deepwater reel pipelaying joint venture with Cal Dive to help it expand its operations. PEMEX accounts for 36% of the company's revenues.

 COMPETITION
Global Industries, Ltd. (GLBL)
McDermott International, Inc. (MDR)
Torch Offshore, Inc. (TORC)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 160.50
1-Yr. Sales Growth: 80.3%
Employees: 467
Revenue per employee: $343,683.08

 KEY PEOPLE
• Bill J. Lam
    CEO
• David W. Sharp
    CFO

 CONTACT INFO
2500 City West Blvd., Ste. 2200
Houston, TX 77042
US
Phone: 713-361-2600
Fax: 713-361-2690
Online: Web Site

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