J. Ray McDermott Awarded Contract from Maersk Oil Qatar
04 Dezember 2006 - 2:30PM
Business Wire
McDermott International, Inc. (NYSE:MDR) (�McDermott�) announced
today that a subsidiary of J. Ray McDermott, S.A. (�J. Ray�) was
recently awarded a contract by Maersk Oil Qatar to engineer,
procure, construct, and install two wellhead decks for the Block 5
Field Development Plan 2005 Project. �We are pleased to be
associated with Maersk on this key field development project for
Qatar�s expanding oil and gas market,� said Bob Deason, President
and Chief Operating Officer of J. Ray. The two decks have a
combined weight in excess of 4,800 metric tons and will be designed
at J. Ray�s Houston engineering office as well as at its regional
headquarters in Jebel Ali, Dubai, where the structures will be
fabricated in 2007 and installed in 2008. McDermott International,
Inc. is a leading worldwide energy services company. McDermott
subsidiaries provide engineering, construction, installation,
procurement, research, manufacturing, environmental systems,
project management and facility management services to a variety of
customers in the power and energy industries, including the U.S.
Department of Energy. Additional information on McDermott can be
obtained at www.mcdermott.com. In accordance with the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995,
McDermott International, Inc. cautions that statements in this
press release which are forward-looking and provide other than
historical information involve risks and uncertainties that may
impact McDermott�s actual results of operations. The
forward-looking statements in this press release include, among
other things, the work scope and timing of the Maersk Block 5 Field
Development Project. Although McDermott�s management believes that
the expectations reflected in those forward-looking statements are
reasonable, McDermott can give no assurance that those expectations
will prove to have been correct. Those statements are made based on
various underlying assumptions and are subject to numerous
uncertainties and risks, including without limitation change orders
and other modifications to contracts. If one or more of these risks
materialize, or if underlying assumptions prove incorrect, actual
results may vary materially from those expected. For a more
complete discussion of these risk factors, please see McDermott�s
annual report on Form 10-K for the year ended December 31, 2005 and
the Company�s quarterly reports on Form 10-Q filed with the
Securities and Exchange Commission. McDermott International, Inc.
(NYSE:MDR) ("McDermott") announced today that a subsidiary of J.
Ray McDermott, S.A. ("J. Ray") was recently awarded a contract by
Maersk Oil Qatar to engineer, procure, construct, and install two
wellhead decks for the Block 5 Field Development Plan 2005 Project.
"We are pleased to be associated with Maersk on this key field
development project for Qatar's expanding oil and gas market," said
Bob Deason, President and Chief Operating Officer of J. Ray. The
two decks have a combined weight in excess of 4,800 metric tons and
will be designed at J. Ray's Houston engineering office as well as
at its regional headquarters in Jebel Ali, Dubai, where the
structures will be fabricated in 2007 and installed in 2008.
McDermott International, Inc. is a leading worldwide energy
services company. McDermott subsidiaries provide engineering,
construction, installation, procurement, research, manufacturing,
environmental systems, project management and facility management
services to a variety of customers in the power and energy
industries, including the U.S. Department of Energy. Additional
information on McDermott can be obtained at www.mcdermott.com. In
accordance with the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995, McDermott International,
Inc. cautions that statements in this press release which are
forward-looking and provide other than historical information
involve risks and uncertainties that may impact McDermott's actual
results of operations. The forward-looking statements in this press
release include, among other things, the work scope and timing of
the Maersk Block 5 Field Development Project. Although McDermott's
management believes that the expectations reflected in those
forward-looking statements are reasonable, McDermott can give no
assurance that those expectations will prove to have been correct.
Those statements are made based on various underlying assumptions
and are subject to numerous uncertainties and risks, including
without limitation change orders and other modifications to
contracts. If one or more of these risks materialize, or if
underlying assumptions prove incorrect, actual results may vary
materially from those expected. For a more complete discussion of
these risk factors, please see McDermott's annual report on Form
10-K for the year ended December 31, 2005 and the Company's
quarterly reports on Form 10-Q filed with the Securities and
Exchange Commission.
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