Exhibit 99.1

                           UNIFAB INTERNATIONAL, INC.
                               ANNOUNCES AGREEMENT

New Iberia, LA - (Business Wire) - April 26, 2002-- UNIFAB International, Inc.
(NASDAQ: UFAB) UNIFAB International, Inc. and Midland Fabricators and Process
Systems, L.L.C. jointly announced today the execution of their agreement whereby
Midland will acquire a controlling interest in Unifab. Under the Agreement,
shareholders of Unifab would retain a 10% ownership interest and would be
offered the right to purchase an additional 15% of the Company at a price that
is below the closing sale price of Unifab Common Stock on April 26, 2002.
Consummation of the proposed transaction between Unifab and Midland is subject
to various conditions.

Midland is owned 100% by William A. Hines and his family. Mr. Hines was a
director of Unifab from 1998 until March 2001 and owns numerous companies
involved in the oil field service industry. He will serve the Company as
Chairman of the Board.

Prior to consummation of the proposed transaction, Peter J. Roman will serve as
the interim president and chief executive officer of Unifab, replacing Jerome E.
Chojnacki. Mr. Roman has been the Company's chief financial officer since the
Company became publicly traded in June 1997. Mr. Roman stated, "Our board
believes that our association with Mr. Hines, who is a well known and well
respected partner in this industry, will be of tremendous benefit to our
shareholders, employees and customers."

UNIFAB International, Inc. is an industry leader in the custom fabrication of
topsides facilities, equipment modules and other structures used in the
development and production of oil and gas reserves. The Company designs and
manufactures specialized process systems, refurbishes and retrofits existing
jackets and decks, provides design, repair, refurbishment and conversion
services for oil and gas drilling rigs and performs offshore piping hook-up and
platform maintenance services

Statements made in this news release regarding UNIFAB's expectations as to
future operations of UNIFAB and other statements included herein that are not
statements of historical fact are forward-looking statements that depend upon
the following factors, among others: continued demand for the services provided
by UNIFAB, availability of skilled employees, UNIFAB's ability to replace the
current credit facility and UNIFAB's ability to integrate and manage acquired
businesses. Should any of these factors not continue as anticipated, actual
results and plans could differ materially from those expressed in the
forward-looking statements.


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