J. Ray McDermott Awarded Pipeline Contract in Russia
26 Januar 2007 - 1:15PM
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 sub-sea pipeline installation project by
Lukoil-Nizhnevolzhskneft, LLC (Lukoil), a subsidiary of OJSC LUKOIL
Oil Company, for the Yuri Korchagin field which is located 180
kilometers outside Astrakhan city in the Russian sector of the
Caspian Sea. �For more than 20 years J. Ray has undertaken a number
of projects in the Caspian Sea and in Russian waters,� said Bob
Deason, President and Chief Operating Officer of J. Ray. �The
volume of construction work in Russia�s oil and gas sector is
gathering pace and we are proud to be working with Lukoil on this
world-class project.� J. Ray will install a 58 kilometer 12� oil
pipeline which will connect the ice-resistant fixed platform No.1
(LSP-1) to a single point mooring south of the Yuri Korchagin
field. Under the contract J. Ray will also provide design
engineering, procurement, installation and testing of the sub-sea
pipeline, with project support from J. Ray�s facilities in
Azerbaijan and the United Arab Emirates. 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 Lukoil�s sub-sea
installation 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 (NYSE:MDR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
McDermott (NYSE:MDR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
Echtzeit-Nachrichten über McDermott International Inc (New York Börse): 0 Nachrichtenartikel
Weitere McDermott International, Inc. News-Artikel