Caesar is being converted to a deep-water S-lay at Cosco Shipyards in Nantong, China, and is expected to join Helix's fleet of construction vessels in late 2007.

The Houston-based marine construction services company recently signed a letter of intent with US operator Murphy Exploration&Production.

The Caeser will be used to install pipelines for the Thunder Hawk field development in the Mississippi Canyon area of the US Gulf.

It