McDermott Wins Platforms and Infield Flowline Contract in Indonesia
04 Februar 2013 - 2:00PM
Business Wire
McDermott International, Inc. (NYSE: MDR) (“McDermott”)
announced today that its Indonesian subsidiary has been awarded a
contract by PC Muriah Ltd., an affiliate of PETRONAS Carigali Sdn.
Bhd., to develop offshore surface facilities and an infield
flowline for the Kepodang Field, located approximately 180
kilometers northeast of Semarang, Central Java, in water depths of
up to 70 meters. The project will be included in McDermott's fourth
quarter 2012 backlog.
The award includes the procurement, construction, installation
and commissioning of a 5,802-tonne central processing platform; a
1,298-tonne wellhead platform; a 2.7-kilometer-long, 10-inch
diameter infield flowline; and installation of remote control
facilities at the onshore receiving facilities.
“We are very pleased to undertake this competitively tendered
project for Petronas in Indonesia,” said Scott Cummins, Senior Vice
President and General Manager of McDermott Asia Pacific. “Winning
this project is not only a strong testament of our capabilities; it
also shows the client’s confidence in our ability to deliver the
best value.”
Procurement engineering has already started and fabrication of
the facilities will take place at the McDermott Batam yard in
Indonesia. Transportation and installation will involve a diverse
range of vessels from the McDermott fleet, including a 300-class
float-over barge that will install the central processing
platform’s 3,078-ton topsides. Project completion, including hookup
and commissioning, is expected to be in the fourth quarter of
2014.
ABOUT McDERMOTT
McDermott is a leading engineering, procurement, construction
and installation group of companies 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, our integrated resources include approximately 13,500
employees and a diversified fleet of marine vessels, fabrication
facilities and engineering offices. McDermott has been serving 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 actual outcomes.
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, 2011 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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