McDermott Announces Date of Naming Ceremony for DLV 2000
18 Februar 2016 - 2:30PM
McDermott International, Inc. (NYSE:MDR) today announced it will
conduct the naming ceremony for its new flagship derrick lay
vessel, the DLV 2000, at Keppel’s Singmarine Shipyard in Singapore
on Thursday, April 14, 2016.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/74808ee0-f9ec-4d09-8447-04de0ae438eb
The DLV 2000 is a class 3 dynamically positioned vessel
combining a 2,200-ton revolving crane with a deepwater S-lay
pipelay system configured to install pipelines with diameters
ranging from 4.5 to 60 inches in water depths up to 10,000 ft. The
vessel can accommodate up to 400 personnel to facilitate large
hook-up and commissioning projects and incorporates a large, 43,000
sq. ft. open deck to allow the transportation and assembly of large
subsea structures; enabling safe and efficient stand-alone
operations in remote areas.
The vessel has also been designed and constructed to accommodate
a deepwater, 500-ton flexlay system that can be installed, at a
future date, in response to specific market needs.
With a maximum transit speed of 13.5 knots, the DLV 2000 will be
deployed as a global asset within the McDermott fleet.
“Fast, powerful and versatile, the DLV 2000 gives McDermott the
capabilities to undertake projects that will expand our portfolio
of target markets,” said David Dickson, McDermott’s President and
CEO. “As the new flagship of our fleet, this will allow McDermott
to utilize one vessel on projects requiring a combination of
pipelay, heavy lift and offshore workforce accommodation that would
normally have to be executed by multiple vessels. We also expect
the DLV 2000 to provide McDermott with a key asset for field
development in remote locations through the combination of these
versatile construction capabilities and fast transit speed.”
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 10,300
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 statementIn 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, the expected timing of delivery and specifications
associated with the DLV 2000, as well as the expected ability to
win work and opportunities available to the vessel. 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 actions by our customers and business partners,
difficulties executing on the project and changes in contracting
terms and industry norms. 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 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.
McDermott International, Inc.
Investor Relations
Kathy Murray
V.P., Treasurer and Investor Relations
+1.281.870.5147
kamurray@mcdermott.com
Media Relations
Richard Goins
Director, Global Communications
+1.281.870.5932
rgoins@mcdermott.com
Area Communications
Juliana Tan
Asia Area Communications
(65) 6668.5428
yjtan@mcdermott.com
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