McDermott Awarded Fabrication of “Alen” Project for Gas-Condensate Field Development Offshore West Africa
01 Februar 2011 - 2:00PM
Business Wire
McDermott International, Inc. (NYSE:MDR) (“McDermott”),
announced today that one of its subsidiaries was awarded a contract
to fabricate a 15,000 ton platform for Noble Energy’s Alen
Gas-condensate Development Project (“Alen project”) off the East
coast of Bioko Island, Equatorial Guinea.
“This is a significant win for our fabrication facility in
Morgan City, Louisiana,” said Stephen M. Johnson, President and
Chief Executive Officer, McDermott International, Inc. “McDermott
has exported offshore platforms to West Africa since the early
1990’s from its fabrication facilities worldwide. Our strengths in
project constructability in the early phase of field development,
coupled with our in house engineering and construction experience,
an innovative project plan and strong customer relationship,
contributed to the successful award of this work.”
McDermott will manage the construction, loadout and installation
aids for a 15,000 ton central production platform, including living
quarter, and a smaller 2,000-ton wellhead jacket and pile.
The company’s Morgan City fabrication facility will undertake
the work, and at peak approximately 500 people are expected to be
employed on the project.
Work is expected to commence in the first quarter of 2011.
The Alen project is a gas and condensate development located in
Block “O” in approximately 240 feet of water, off the East coast of
Bioko Island.
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,
number of personnel 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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