McDermott Awarded Two Projects by Saudi Aramco

McDermott to Deliver Topsides Marjan and Safaniya Fields (Saudi Arabia)

McDermott International, Inc. announced today that one of its subsidiaries has recently been awarded two projects by Saudi Aramco in the Abu Safah, Marjan and Safaniya fields in the Arabian Gulf.

“We will be executing both projects using engineering, project management and procurement resources from our Al-Khobar, Saudi Arabia office. Our In-Kingdom activities continue to grow as we ramp up this Engineering office and our recruitment efforts, to position McDermott for current and future project requirements”

The two projects consist of six topsides and a bridge that connects to the existing Marjan facilities. In addition, the project will require other associated modifications and brownfield work. The combined total weight of the structures will exceed 4,000 metric tonnes.

The North Dome project, which was issued under the existing Long Term Agreement and is included in McDermott’s third quarter 2012 backlog, comprises procurement, construction and installation of two wellhead decks for Abu Safah and Marjan, and an auxiliary platform and access bridge for Marjan.

The second project, also issued under the existing Long Term Agreement, was included in McDermott’s 2012 second quarter backlog and comprises procurement, fabrication, transportation and installation of three electrified production deck modules (PDM’s) in the Safaniya and Marjan fields. McDermott’s Jebel Ali fabrication facility will construct the platforms, while vessels from McDermott’s global fleet will be used to install the facilities.

“We will be executing both projects using engineering, project management and procurement resources from our Al-Khobar, Saudi Arabia office. Our In-Kingdom activities continue to grow as we ramp up this Engineering office and our recruitment efforts, to position McDermott for current and future project requirements,” said Stewart Mitchell, Senior Vice President and General Manager, Middle East, Caspian and North Sea for McDermott.

Press Release, November 6, 2012

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