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CAL DIVE INTL INC, (CDIS) Stock Research Free Stock Rating
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Cal Dive International, Inc. (CDI) operates as an energy services company in the Gulf of Mexico, and in the North Sea and the Asia/Pacific regions. It offers a range of marine contracting services, such as marine construction, robotic services, manned diving, and decommissioning services. CDI, with its fleet of 22 vessels and 26 remotely operated vehicles and trencher systems, performs various services that support drilling, well completion, intervention, construction, and decommissioning projects. It also acquires and operates mature and noncore offshore oil and gas properties, as well as related production facilities. In addition, the company offers survey, engineering, repair, maintenance, and international cable burial services, as well as performs saturation diving in the North Sea. CDIs customers include independent oil and gas producers, pipeline transmission companies, and offshore engineering and construction firms. As of December 31, 2004, it had 53,204 million cubic feet of proved natural gas reserves and 10,517 thousand barrels of proved oil and condensate reserves. The company also owned an interest in 252 net oil wells and 91 net natural gas wells located in federal offshore waters in the Gulf of Mexico. Cal Dive International is headquartered in Houston, Texas.
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