McDermott Signs Agreement for Gulfport Spoolbase
19 Mai 2014 - 5:30PM
Business Wire
McDermott International, Inc. (NYSE: MDR) (“McDermott” or the
“Company”) announced today that one of its subsidiaries has signed
a lease agreement with the Mississippi Development Authority and
the Mississippi State Port Authority for the exclusive right to
operate a spoolbase and marine operations base in the Port of
Gulfport. McDermott expects the facility, designed to serve
projects from the Gulf of Mexico, will be available in early
2016.
The new facility in Gulfport, located on the Mississippi
coastline, will be used to fabricate steel pipe stalklines through
advanced welding processes for use in offshore Reeled pipelay
operations. The new 50 acre facility will feature a state of the
art fabrication building and stalk racks as well as a dedicated
dock for vessel berthing to accommodate reeling pipe onto
McDermott’s fleet of specialized vessels for transport and
installation offshore.
“Gulfport’s well established port with coastline access to the
Gulf of Mexico makes it a prime location for the operation of a
spoolbase,” said Tony Duncan, Executive Vice President Subsea.
“This facility complements our efficiency and quality standards in
Reel-lay and our high performance vessels, positioning McDermott to
serve our clients from the Gulf of Mexico. This commitment further
supports the repositioning of our Company for long-term
growth.”
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, contingencies and uncertainties that may impact
McDermott's actual results of operations. The forward-looking
statements in this press release include, among other things,
expectations for the timing of availability of the spoolbase,
McDermott’s plans and specifications for the spoolbase,
expectations for the spoolbase to position McDermott to serve
clients in the Gulf of Mexico and Americas, and the spoolbase’s
further support for the repositioning of the Company for long-term
growth. 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 risks,
contingencies and uncertainties, including without limitation,
adverse changes in the markets in which we operate or credit
markets, changes in spoolbase or project design or schedule,
contract cancellation, change orders and other modifications. 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 and subsequent quarterly
reports. 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
MediaAndrea Burnley, (44) 1372.846431aburnley@mcdermott.com
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