Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Martin Malloy – Johnson Rice.
Martin Malloy – Johnson Rice
Congratulations on the quarter. Could you talk a little bit more about the timing of the bidding opportunities, and particular in the Caspian region with respect to J. Ray and also in the Gulf of Mexico? There's been a couple of deep water projects that have been mentioned recently and I think you have done the top sides on a couple of those, the original top sides for those projects, and they're looking at follow on platforms.
John Fees
I would say that right now we have a number of bids outstanding for the Caspian. I mentioned it last quarter. That was a little bit sooner than we expected, so we do have some work that has been inquired, bid and we're waiting on clients to decide on award decisions. I would anticipate that some of those award decisions could come as early as late this year.
I think the Gulf of Mexico is behind that, probably into 2010. But that's just my perspective sitting here today trying to judge client activity as well as the timing of awards.
Martin Malloy – Johnson Rice
On the power side, it sounded like on the last call the pollution control equipment market might have been turning up a little bit. Can you comment on what you're seeing out there now?
John Fees
We do have in large project work, we have about $3.4 billion in bids outstanding in the power group. That covers nuclear, environmental equipment and everything else that we're doing in that sector in the large project side.
And that covers a variety of different technologies and projects. One of the things that you'll see is that you've seen it in the award framework, but the modular boilers in Canada, the work that we've done for E-Solar, and things along those lines. So a different mix of products coming in there, and in the $3.4 billion there are dry and wet FGD's that have been inquired and we have bids outstanding on.
The only thing that really remains in question at this time in my mind is going to be the timing of awards. We're sort of accumulating, I would call it accumulating bids outstanding in the power sector and I believe it's going to need to see some break in the market for power demand before we see a whole lot of momentum there. So we're just sort of waiting for that piece to start moving.
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