McDermott Awarded Woodside Greater Western Flank Phase 2 Subsea Pipeline and Installation Contract Offshore Australia
22 Februar 2016 - 10:03PM
McDermott International, Inc. (NYSE:MDR) will put its new flagship
derrick lay vessel, the DLV 2000, to work offshore Western
Australia, supporting a transportation and installation contract
awarded by Woodside for the Greater Western Flank Phase 2 Project.
The installation will occur approximately 20 miles from the Goodwyn
A platform located in the North West Shelf region off Western
Australia.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/b8b51207-d91b-4152-98c5-188157469929
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.
Work is expected to be performed in conjunction with McDermott’s
other new subsea installation vessel, the Construction Support
Vessel 108 (CSV 108). The CSV 108 is expected to undergo an upgrade
later this year to install a Vertical Lay System and Reel
Deployment System, also for use in the project, and will then be
referred to as Lay Vessel 108 (LV 108). Engineering for the project
is expected to be done by McDermott’s in-house staff in Perth and
Kuala Lumpur. Fabrication and pre-installation of pre-lay support
structures and 21 buckle initiators is scheduled for McDermott’s
Batam Island, Indonesia, fabrication facility.
“We are excited to win this opportunity and build on the leading
position we have in Australia, where McDermott has a long and
established track record of successfully performing projects for
Woodside and other clients,” said Hugh Cuthbertson, Vice President,
Asia. “The award reflects our ability to manage all fabrication,
installation, regulatory and environmental requirements and
expectations without the need to outsource any assets and
resources, thereby maximizing the assurance of quality and cost
efficiency.”
The full scope of the brownfield project covers transportation
and installation of 22 miles of 16-inch corrosion resistant alloy
(CRA) clad pipeline which includes three In-Line Tees (ILTs) and
pipeline end terminations (PLETs) at each end in water depths up to
420 feet.
The lump sum contract award will be reflected in McDermott’s
first quarter 2016 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 10,600
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, statements about backlog, to the extent backlog may be
viewed as an indicator of future revenues, the expected value,
scope, execution and timing associated with this project and the
expected specifications and timing of upgrades to the CSV 108.
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, 2015. 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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