McDermott Awarded Construction and Installation Contract for Gulf of Mexico Field Development
10 Dezember 2010 - 6:37AM
Business Wire
McDermott International, Inc. (NYSE:MDR) (“McDermott”),
announced today that one of its subsidiaries was awarded a contract
by Arena Offshore, LP for construction and installation of a
platform for Arena’s “Riker” Prospect, located at Eugene Island
Block 338 in 275 feet of water.
The company’s Morgan City fabrication facility will handle
construction, assembly, testing, coating, load out and tie down of
a four-pile jacket for a bottom-founded platform named EI 338 “K”.
The jacket is designed to accommodate 20 well slots and once
complete, the platform will have full processing capabilities,
supporting a self-contained drilling rig. The jacket and piles are
expected to weigh approximately 3,600 tons, and the platform will
have the capacity to produce 20 MMSCFD, 7500 BOPD, and 12,500
BWPD.
“We are delighted at the award of this new project to our
Morgan City facility,” said Stephen M. Johnson, McDermott’s
President and Chief Executive Officer. “Our ability to offer a
combined fabrication and installation solution with our
construction vessel DB50 is what secured this contract. We look
forward to building our relationship with Arena through this
project.”
First steel for the EI 338 “K” jacket is expected to be
cut during the third quarter of 2011. McDermott’s offshore
installation work will generally consist of installing the EI-338
“K” jacket and piles, relocating refurbished topsides to EI-338
“K”, installing a platform drilling rig onto the EI-338 “K”
structure, and removing and reefing a platform jacket. The offshore
campaign is scheduled for the second quarter of 2012.
ABOUT McDERMOTT
McDermott is a leading engineering, procurement,
construction and installation (“EPCI”) company focused on executing
complex offshore oil and gas projects worldwide.
Providing fully integrated EPCI services for upstream field
developments, the Company delivers fixed and floating production
facilities, pipelines and subsea systems from concept to
commissioning. McDermott’s customers include national
and major energy companies. Operating in more than 20
countries across the Atlantic, Middle East and Asia Pacific, the
Company’s integrated resources include more than 16,000 employees
and a diversified fleet of marine vessels, fabrication facilities
and engineering offices. McDermott has served the
energy industry since 1923.
To learn more, please visit McDermott’s website on the
internet at www.mcdermott.com
FORWARD LOOKING
STATEMENTS
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
expected scope, execution, and timing associated with this 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, changes in project design
or schedules, contract cancellations, change orders and other
modifications, and difficulties executing on the project. 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, 2009.
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