McDermott Completes Contract Scope for Jack & St. Malo Project in Gulf of Mexico
15 September 2014 - 1:00PM
Business Wire
McDermott International, Inc. (NYSE: MDR) (“McDermott”) is
pleased to announce the successful completion of the Jack and St.
Malo project for Chevron U.S.A. Inc. The project involved the
installation of jumpers, flying leads, subsea pump stations,
umbilicals and subsea landing of some of the industry’s largest and
complex umbilical end terminations to a host floating production
platform in 7,200 feet of water 279 miles offshore Louisiana. The
project is part of the first stage of development of the Jack
South, St. Malo South and St. Malo North Drill Centers.
McDermott subsea construction vessel
NO102 installed umbilicals totaling 65 miles along with other
related subsea structures. (Photo: Business Wire)
McDermott executed in-house fabrication of 21 high specification
rigid flowline, manifold and pump jumpers and installed the
structures using the Derrick Barge 50 (“DB50”) with its specialized
deepwater lowering system. In addition, more than 80 flying leads,
five additional rigid production well jumpers and other subsea
control and production boost components were installed by the DB50
– including three pump stations each weighing 209 tons to a depth
of 6,988 feet. The DB50 was assisted by a fleet of up to 12 support
vessels delivering material from various Gulf Coast fabrication and
staging facilities to the offshore installation site.
Additionally, three control and two power umbilicals totaling 65
miles were transported and installed by the subsea construction
vessel North Ocean 102 (“NO102”) along with other related subsea
structures.
“Our ability to fabricate the jumpers in house and utilize the
combined strengths of the DB50’s deepwater lowering system and the
high payload and top tension capacity of the NO102’s 330-ton
vertical lay system allowed McDermott to deliver an integrated
subsea solution for our client on this complex deepwater project,”
said Tony Duncan, Executive Vice President Subsea. “As the industry
moves into deeper water, McDermott continues to tailor its subsea
engineering expertise, fabrication facilities, and global fleet of
specialized vessels to meet the evolving technical needs of our
clients.”
Located in the Gulf of Mexico Walker Ridge Area, the Jack and
St. Malo fields are jointly being developed with a host floating
production unit.
NOTES TO EDITORS
The DB50The DB50 is a dynamically positioned (DP2),
premier heavy-lift vessel capable of lifting surface loads up to
4,400 ST. For more information download the data sheet at
http://www.mcdermott.com/News/Publications/DB50-imperial.pdf
The NO102The NO102 is a fast-transit, dynamically
positioned vessel with a 330-ST vertical lay system for installing
flexible subsea product across a variety of water depths. For more
information download the data sheet at
http://www.mcdermott.com/News/Publications/NO102-imperial.pdf
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
In accordance with the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995, McDermott 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. These forward-looking statements include
McDermott’s continued tailoring of its subsea engineering
expertise, fabrication facilities and global fleet of specialized
vessels to cater to client needs. Although we believe that the
expectations reflected in those forward-looking statements are
reasonable, we can give no assurance that those expectations will
prove to have been correct. Those statements are made by using
various underlying assumptions and are subject to numerous risks,
contingencies and uncertainties, including, among others: changes
in project design or schedules, contract cancellations, change
orders and other modifications, and difficulties executing on
projects. 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 and
quarterly filings with the Securities and Exchange Commission,
including its annual report on Form 10-K for the year ended
December 31, 2013 and subsequent quarterly reports on Form 10-Q.
This press release reflects management's views 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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McDermott International, Inc.Investors & Financial
MediaSteve Oldham, (1)
281.870.5147soldham@mcdermott.comorTrade, General & Local
MediaLouise Denly, +1.281.870.5025ldenly@mcdermott.com
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