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): December 7, 2005


                          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 December 7, 2005, Gulf Island Fabrication, Inc. issued a press
release announcing that its wholly owned subsidiary Gulf Island, L.L.C. has
executed a contract with Atlantia Offshore Limited to fabricate the topsides for
the Neptune Platform. A copy of the press release is attached as Exhibit 99.1.


Item 9.01   Financial Statements and Exhibits.

         (c) Exhibits

                  The following exhibit is filed herewith:

                  Exhibit No.               Description
                  99.1                      Press Release dated December 7, 2005




                                   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:  December 7, 2005

EX-99.1

                                                                    Exhibit 99.1

Gulf Island Fabrication, Inc. Signs Agreement to Construct Topsides for Gulf of
Mexico-Based Neptune Platform

    HOUMA, La.--(BUSINESS WIRE)--Dec. 7, 2005--Gulf Island
Fabrication, Inc. (NASDAQ: GIFI), announces that its wholly owned
subsidiary Gulf Island, L.L.C., has executed a contract with Atlantia
Offshore Limited to fabricate the topsides for the Neptune Platform.
The Neptune field is a joint venture operated by BHP Billiton
Petroleum with partners Marathon Oil Corp., Woodside Energy (USA)
Inc., a subsidiary of Woodside Petroleum Ltd., and Maxus (US)
Exploration, a subsidiary of Repsol YPF. The platform is located in
approximately 4,300 feet of water in the deepwater Gulf of Mexico.
    Gulf Island began fabrication during the 4th quarter of 2005 and
expects to deliver the topsides in 2007. The company will use its
existing facilities and labor in Houma to complete the project. The
projected revenue and man-hours for this project were included in the
backlog numbers released on Oct. 26, 2005. However, financial terms of
this specific contract will not be disclosed.
    Gulf Island Fabrication, Inc., based in Houma, La., 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