McDermott Contracted for Emergency Pipeline Repair Job
13 März 2014 - 11:00PM
Business Wire
McDermott International, Inc. (NYSE: MDR) (“McDermott”)
announced that the Dive Support Vessel Thebaud Sea (“DSV”) was
recently mobilized for an Emergency Pipeline Repair
intervention offshore the United Arab Emirates. This is the third
time in recent months that the DSV has been fast-tracked to carry
out an emergency response. This contract is included in McDermott’s
first quarter 2014 backlog.
McDermott's Thebaud Sea is contracted for
a third pipe repair project. (Photo: Business Wire)
“Pipeline failures can often result in significant production
loss, which is why reaction speed to these cases is critical,”
explained Scott Cummins, Executive Vice President, Offshore.
“Although there is added pressure due to the impact in oil
revenues, Health, Safety and the Environment remains at the
forefront for Emergency Pipeline Repair Systems (“EPRS”). The
pipeline must be safely isolated and then stabilized before any
repairs can be executed, to ensure the safety of the diver and the
environment.”
With the support of in-house offshore resources, McDermott
engineering teams have completed several EPRS studies on behalf of
a number of clients. For each repair scenario, an individually
tailored solution was delivered to cater to specific emergency
responses to pipeline damage.
“Every case is unique, which is why the approach must be robust
enough to handle any given situation,” commented Cummins. “Our
operational knowledge, experience and expertise defines our
engineering deliverables as real solutions, over theoretical
studies. We are pleased that our clients have shown repeat
confidence in our EPRS capabilities,” he concluded.
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 and
execution 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, 2013. Except to the extent required by applicable law,
McDermott undertakes no obligation to update or revise any
forward-looking statement.
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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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