Horizon Offshore, Inc. Announces Award of Southeast Asia Project

Sep 10, 2002, 01:00 ET from Horizon Offshore Contractors, Inc.

    HOUSTON, Sept. 10 /PRNewswire-FirstCall/ --
 Horizon Offshore, Inc. (Nasdaq:   HOFF) announced today that P. T. Gunanusa
 Utama Fabricators of Indonesia recently awarded its subsidiary, P. T. Horizon
 Offshore Indonesia, a subcontract to perform offshore construction services in
 connection with a project for TotalFinaElf in Southeast Asia.  Services
 provided by P. T. Horizon Offshore Indonesia will include project management,
 pre- and post-lay surveys and the installation and burial of a twenty-inch
 pipeline offshore Balikpapan, Indonesia.  The combination derrick-lay barge
 Sea Horizon will perform all aspects of the installation, including the
     Bill Lam, President and Chief Executive Officer of Horizon Offshore, Inc.
 said, "We are very pleased with this award and are excited at the continued
 confidence shown by our clients in Southeast Asia as this market develops.  We
 remain confident that we will further expand into this market and see numerous
 opportunities to demonstrate our capabilities and our commitment to provide a
 quality product for our clients."
     Horizon Offshore, Inc., and its subsidiaries provide marine construction
 services to the offshore oil and gas industry in the U.S. Gulf of Mexico, West
 Africa, Southeast Asia, and Latin America.  The Company's fleet is used to
 perform a wide range of marine construction activities, including installation
 of marine pipelines to transport oil and gas and other subsea production
 systems, and the installation and abandonment of production platforms.
     This press release contains certain forward-looking statements within the
 meaning of the Private Securities Litigation Reform Act of 1995, which involve
 known and unknown risk, uncertainties and other factors.
     Among the factors that could cause actual results to differ materially are
 industry conditions and volatility; prices of oil and gas; the Company's
 ability to obtain and the timing of new projects; changes in competitive
 factors; and other material factors that are described from time to time in
 the Company's filings with the Securities and Exchange Commission.
     Actual events, circumstances, effects, and results may be materially
 different from the results, performance or achievements expressed or implied
 by the forward-looking statements.  Consequently, the forward-looking
 statements contained herein should not be regarded as representation by
 Horizon or any other person that the projected outcomes can or will be
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SOURCE Horizon Offshore Contractors, Inc.