J. Ray McDermott Awarded Two Offshore Construction Projects
05 Mai 2008 - 1:00PM
Business Wire
McDermott International, Inc. (NYSE:MDR) (�McDermott�), announced
today that subsidiaries of J. Ray McDermott, S.A. (�J. Ray�) were
recently awarded two contracts for offshore construction projects.
Both of the contracts will be included in McDermott�s second
quarter 2008 backlog, and have a combined value in excess of $500
million. The first award, from OOO LUKOIL-Nizhnevolzhskneft, a
subsidiary of OAO LUKOIL Oil Company, is a contract to install
offshore facilities in the Yuri Korchagin field. J. Ray�s scope of
work includes the transportation and installation of the piles for
the ice-resistant fixed platform LSP-1, as well as transportation
and installation of Single Point Mooring substructure, piles and
the topsides. The second award, from Esso Australia Resources Pty
Ltd, is an engineering, procurement, construction and installation
contract for work on the Kipper Tuna Gas Project located in the
Bass Strait, Victoria, Australia. �This is a very significant
contract for J. Ray, as it encompasses a wide range of services and
marks a return to working with Esso Australia,� said Bob Deason,
Chief Executive Officer of J. Ray. McDermott is an engineering and
construction company, with specialty manufacturing and service
capabilities, focused on energy infrastructure. McDermott�s
customers are predominantly utilities and other power generators,
major and national oil companies, and the United States Government.
With its global operations, McDermott operates in over 20 countries
with more than 20,000 employees, and can be found on the internet
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 which provide other than historical
information, involve risks and uncertainties that may impact actual
results. The forward-looking statements in this press release
include statements regarding the combined value, scope and
execution of the listed projects. 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 by using various underlying assumptions and are
subject to numerous uncertainties and risks, including, but not
limited to, the risk that McDermott may experience delays, changes,
cancellations or other difficulties executing such 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 and
other risk factors, please see McDermott's annual report on Form
10-K for the year ended December 31, 2007.
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