McDermott Awarded Fast-Track Transportation and Installation Contract Offshore East Java, Indonesia
30 April 2014 - 1:00PM
Business Wire
McDermott International, Inc. (NYSE: MDR) (“McDermott”)
announced today that the Derrick Barge 101 was recently mobilized
to Indonesia to perform fast-track heavy-lift work for a client
offshore Indonesia.
McDermott Derrick Barge 101 was recently
mobilized to Indonesia to perform fast-track heavy-lift work.
(Photo: Business Wire)
“Response time to fast-track work is just one of the key
elements to a successful project outcome,” said Hugh Cuthbertson,
Vice President and General Manager, Asia Pacific. “Our Project
Management and Offshore Resources teams expedited the planning
process, while ensuring compliance to safety throughout, to achieve
mobilization within just a few days. In addition, this opportunity
is an example of our efforts to improve asset utilization beyond
the requirements of our existing backlog.”
This contract is included in McDermott’s first quarter 2014
backlog.
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 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.comTrade, General & Local
MediaLouise Denly, +1 281-870-5025ldenly@mcdermott.comTony
Hodgkins, +65.6668 5453thodgkins@mcdermott.com
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