8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

       Date of Report (Date of Earliest Event Reported): November 30, 2004


                          GULF ISLAND FABRICATION, INC.
             (Exact name of registrant as specified in its charter)


          Louisiana                     0-22303                   72-1147390
(State or other jurisdiction          (Commission               (IRS Employer
       of incorporation)              File Number)           Identification No.)


                                583 Thompson Road
                             Houma, Louisiana 70363
               (Address of principal executive offices)(Zip Code)



                                 (985) 872-2100
              (Registrant's telephone number, including area code)


                                 Not applicable
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
    CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17CFR 240.13e-4(c))




Item 8.01 Other Events.

     On November 30, 2004, Gulf Island Fabrication, Inc. issued a press release
announcing that it's wholly-owned subsidiary, Gulf Island, L.L.C., has executed
a contract through Keppel SLP Consortium to fabricate two jackets and piles for
PEMEX Exploracion y Produccion, a subsidiary of Petroleos Mexicanos (PEMEX),
Mexico's National Oil Company.


Item 9.01 Financial Statements and Exhibits.

     (c)  Exhibits

          The following exhibit is filed herewith:

          Exhibit No.               Description
             99.1                   Press Release dated November 30, 2004



                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                                GULF ISLAND FABRICATION, INC.


                                                By: /s/ Joseph P. Gallagher, III
                                                    ----------------------------
                                                       Joseph P. Gallagher, III
                                                       Vice President - Finance,
                                                        Chief Financial Officer
                                                            and Treasurer
                                                    (Principal Financial Officer
                                                    and Duly Authorized Officer)

Dated: November 30, 2004

EX-99.1

                                                                    Exhibit 99.1

Gulf Island Fabrication, Inc. Signs Agreement to Construct Jackets and Piles For
PEMEX Project

     HOUMA, La.--(BUSINESS WIRE)--Nov. 30, 2004--Gulf Island Fabrication, Inc.
(NASDAQ: GIFI), announces that it's wholly-owned subsidiary, Gulf Island,
L.L.C., has executed a contract through Keppel SLP Consortium to fabricate two
jackets and piles for PEMEX Exploracion y Produccion, a subsidiary of Petroleos
Mexicanos (PEMEX), Mexico's National Oil Company.
     The Keppel SLP Consortium comprises four partners, namely Keppel Offshore &
Marine USA Inc., SLP Engineering Ltd, AMFELS Inc. and Gulf Island L.L.C.
     The platforms, to be called HA-KU-S and HA-KU-M, are to be installed in the
Ku-Maloob-Zaap field in the Bay of Campeche, Gulf of Mexico, by first quarter of
2006.
     The value of this contract, in addition to other contracts destined for
West Africa, the North Sea and the Gulf of Mexico, that have been awarded to the
Company since its press release dated October 27, 2004, will increase revenue
backlog by $58.7 million and labor backlog by approximately 645 thousand
man-hours.
     Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a leading
fabricator of offshore drilling and production platforms, offshore living
quarters and other specialized structures used in the development and production
of offshore oil and gas reserves. The Company also offers offshore interconnect
pipe hook-up, inshore marine construction, manufacture and repair of pressure
vessels, and steel warehousing and sales.

     CONTACT: Gulf Island Fabrication, Inc., Houma
              Kerry J. Chauvin, 985-872-2100
              or
              Joseph "Duke" Gallagher, 985-872-2100