McDermott Awarded Large EPCI and Commissioning Contract in the Arabian Gulf
06 März 2014 - 12:00AM
Business Wire
McDermott International, Inc. (NYSE: MDR) (“McDermott”)
announced today that one of its subsidiaries has been awarded a
large engineering, procurement, construction and installation
(“EPCI”) project by an operator in the Arabian Gulf. The award is
included in McDermott’s fourth quarter 2013 backlog.
The contract includes the engineering, fabrication,
transportation and installation of four new offshore topsides
facilities, plus modification of two existing production facilities
to extend the current deck space and maximize the size of modules.
The combined total weight of the structures will exceed 3,500
metric tonnes. The awarded scope also includes the installation of
a 12-inch subsea pipeline of approximately 15 kilometers. Water
depths range between 10 to 14 meters.
Commenting on the award, David Dickson, President and Chief
Executive Officer said, “The project is part of a plan to boost oil
production from existing fields, by the implementation of gas
injection technology, and the installation of new production wells.
Our ability to provide sound technical solutions in both brownfield
and greenfield scopes supported by our regional capabilities in
providing fabrication, marine and manpower resources has helped us
secure this award.”
Engineering and fabrication for the project will be undertaken
by McDermott at its Jebel Ali facility in Dubai, with
transportation and installation carried out by vessels from the
McDermott global marine fleet. Offshore operations are expected to
commence in the fourth quarter of 2014, with project completion,
including hookup and commissioning, planned for the first quarter
of 2015.
ABOUT McDERMOTT
McDermott is a leading provider of integrated engineering,
procurement, construction and installation (EPCI) services for
upstream field developments worldwide. The Company delivers fixed
and floating production facilities, pipelines and subsea systems
from concept to commissioning for complex Offshore and Subsea oil
and gas projects to help oil companies safely produce and transport
hydrocarbons. Our clients include national and major energy
companies. Operating in more than 20 countries across the
world, our locally focused and globally integrated resources
include approximately 14,000 employees, a diversified fleet of
specialty marine construction vessels, fabrication facilities and
engineering offices. We are renowned for our extensive knowledge
and experience, technological advancements, performance records,
superior safety and commitment to deliver. McDermott has served the
energy industry since 1923 and is listed on the New York Stock
Exchange.
To learn more, please visit our website 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 schedule, contract
cancellation, 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, 2013. 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.
McDermott International, Inc.Investors & Financial
MediaSteve Oldham, (1)
281.870.5147soldham@mcdermott.comorTrade, General & Local
MediaLouise Denly, +1.281.870.5025ldenly@mcdermott.comorRissa
Rosmawati, +971.56.683.4351rrosmawati@mcdermott.com
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