Cal Dive International Inc. (CDVIQ)

Overview

Cal Dive International, Inc., headquartered in Houston, Texas, was established in 1975 and has grown to become a leading marine contractor serving the offshore oil and natural gas industry. The company provides a range of underwater services, including manned diving, pipelay and pipe burial, platform installation and salvage, and light well intervention. Cal Dive owns a specialized fleet of dive support vessels and construction barges, enabling it to operate in diverse and challenging environments across the globe. It has a significant operational presence in the Gulf of Mexico Outer Continental Shelf, the Northeastern United States, Latin America, Southeast Asia, China, Australia, West Africa, the Middle East, and Europe. However, on March 3, 2015, Cal Dive International, Inc., along with its affiliates, filed for reorganization under Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware, marking a critical point in the company’s history.

Products and Services

• Manned Diving

Manned diving operations cater to the offshore oil and gas industry, offering underwater inspection, repair, maintenance, and construction services. Cal Dive’s capabilities include saturation diving for deep-water projects and surface mixed gas diving for shallower operations, leveraging its diversified fleet of dive support vessels.

• Pipelay and Pipe Burial

The company specializes in the laying and burying of pipelines necessary for the transport of oil and natural gas from offshore fields to processing facilities onshore or on platforms. Using its fleet, Cal Dive provides precision in the placement and protection of these critical infrastructures against environmental and operational hazards.

• Platform Installation and Salvage

Cal Dive offers services in the installation and salvage of offshore platforms. This includes transporting, positioning, and securing platforms in designated offshore fields, as well as decommissioning and removal of platforms at the end of their operational life, ensuring safety and environmental compliance.

• Light Well Intervention

This service targets the enhancement of oil and gas production from existing offshore wells through interventions using lighter and more cost-effective vessels compared to traditional drilling rigs. Cal Dive employs its specialized vessels to perform tasks such as valve repairs, scale removal, and perforation for improved well performance.