McDermott Wins Platform Fabrication Contract in Gulf of Mexico
04 August 2011 - 1:00PM
Business Wire
McDermott International, Inc. (NYSE:MDR) (“McDermott”),
announced today that one of its subsidiaries has been awarded a
fabrication contract by Shell Offshore Inc., for the West Delta 143
“C” deck, jacket, piles, and bridge located in 370 feet of water in
the Gulf of Mexico. The contract will be included in McDermott's
third quarter 2011 bookings.
McDermott fabricated the Shell Auger
topsides from its Morgan City yard in the early 1990's. (Photo:
Business Wire)
“We are pleased to be able to offer a competitive solution for
the development of the West Delta platform,” said Stephen M.
Johnson, McDermott’s Chairman, President and Chief Executive
Officer. “Shell’s recognition of McDermott as a “Green Light”
contractor for HSES performance, as well as their familiarity with
our project management, ability to accelerate schedules and
knowledge of our performance quality is where we added value with
this contract.”
McDermott’s engineering group based in New Orleans will perform
detailed construction engineering and load-out analysis for the
10,120-tons of structures. McDermott’s Morgan City fabrication
facility in Louisiana will perform all construction engineering,
procurement, fabrication and onshore mechanical completion of the
deck. McDermott will also assist in the commissioning of the
platform.
First steel cut is scheduled to begin later this year, with
expected sail away of the deck in the first quarter of 2013.
The WD 143 “C” fabrication is part of the Mars B Development,
which consists of the Olympus Tension Leg Platform, West Boreas and
South Deimos subsea development and the West Delta 143 “C” Jacket
and Deck. The Olympus host will be located in Mississippi Canyon
Block 807 in the Gulf of Mexico approximately 95 miles south of New
Orleans, Louisiana, in a water depth of approximately 3,000 feet
and its export pipelines will be tied back to the new WD 143 “C”
platform.
More about McDermott’s Morgan City
Fabrication Facility and Working with Shell
McDermott’s Morgan City fabrication facility covers more than
300 acres and has constructed some of the company's largest
structures. It consistently delivers high-quality projects safely
and on schedule, including large integrated platforms and subsea
components. Located in Louisiana, the Morgan City yard has
fabricated the previous Shell WD 143 “B” platform, as well as
several TLP decks including Auger, Mars, Ram-Powell, Ursa, and
Brutus.
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 15,000 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, 2010 and subsequent quarterly reports on Form 10-Q. This news
release reflects management’s view as of the date hereof. Except to
the extent required by applicable law, McDermott undertakes no
obligation to update or revise any forward-looking statement.
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