McDermott Awarded Wellhead Jacket, Deck and Umbilical Project Offshore Qatar
02 März 2015 - 10:03PM
Business Wire
McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced
today that it has been awarded a large project for a new jacket,
temporary deck and replacement umbilical by Qatar Petroleum for the
North Field Alpha gas development, offshore Qatar. Work is expected
to be executed through the second quarter of 2016 and will be
included in McDermott’s first quarter 2015 backlog.
The jacket installation calls for highly
specialized engineering by McDermott to simulate the expected
behavior of the structure during launch to ensure a safe and
successful operation. (Photo: Business Wire)
The brownfield contract includes front-end engineering design
verification, detailed engineering, procurement, construction,
installation (“EPCI”) and commissioning of a new six-legged,
15-slot wellhead jacket and temporary drill deck, with a total
weight of approximately 5,000 tons. The work also includes the
decommissioning, removal, replacement and pre-commissioning of 2.6
miles of composite umbilical and a fiber optic cable, in the Maydan
Mahzam field.
“For more than 30 years, McDermott has successfully delivered
numerous projects for Qatar Petroleum and its partners in Qatar’s
North Field, and we are pleased to further build on this
relationship, as they focus on enhancing their oil recovery and
production capability,” said Tom Mackie, Vice President, Middle
East. “We believe our ability to provide a fully integrated EPCI
solution from one centralized location in Dubai will enable us to
be more effective at ensuring certainty of delivery across all
stages of the project allowing for more scheduling flexibility, and
higher quality and safety, which is critical when working within an
actively producing field, to ensure minimal operational
interruption.”
Detailed engineering, procurement and construction is expected
to be carried out by McDermott’s specialist teams in Dubai, United
Arab Emirates with vessels from the McDermott global fleet
scheduled to undertake the installation work in 2016.
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 13,400 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. As used in this press release, McDermott includes
McDermott International, Inc. and its subsidiaries and
affiliates.
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 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,
among other things, statements about backlog, to the extent backlog
may be viewed as an indicator of future revenues, the expected
scope, execution and timing associated with this project and our
belief that our ability to provide a fully integrated EPCI solution
from one centralized location will enable us to be more effective
at ensuring certainty of delivery for the project. 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: our inability to successfully execute on contracts in
backlog, changes in project design or schedules, the availability
of qualified personnel, changes in the scope or timing of
contracts, 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 and quarterly filings with the
Securities and Exchange Commission, including its annual report on
Form 10-K for the year ended December 31, 2014. 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
MediaDarcey Matthews, +1
281-870-5147dmatthews@mcdermott.comorTrade, General & Local
MediaLouise Denly, +1 281-870-5025ldenly@mcdermott.comRissa
Rosmawati, +971.4.804.3293.rrosmawati@mcdermott.com
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