New Orleans’ Harvey Gulf inks $540 million in contracts

Harvey Gulf International Marine in New Orleans signed $540 million worth of contracts Friday to add 14 vessels to its deepwater fleet, Chief Executive Officer Shane Guidry said.

“On Monday, I’m doing a new banking facility so I wanted to close them ‘aaalll’ at one time,” Guidry said shortly after signing the deals.

In order to make that work, Guidry had conferences going on simultaneously in three rooms, one for each contract, he said. It was the first time he had ever done three contract conferences at the same time.

Harvey Gulf specializes in towing drilling rigs offshore and providing supply and support vessels for deepwater operations in the Gulf of Mexico.

The agreements include:

The Gulf Offshore Logistics deal increases Harvey Gulf’s fleet of deepwater, dynamically positioned vessels to 46, Guidry said. The boats’ average age is less than five years.

On Saturday, the company will open a sales and engineering office in Houston. The office’s duties will include coming up with new boat design concepts.