McDermott in Middle East EPCI deal worth at least $500 million

McDermott International has said it has been awarded a substantial contract award from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf.

Derrick Barge 50; Source: McDermott

McDermott said on Thursday that the value of the contact is between $500 million and $750 million but did not reveal the name of the client.

The contract for new facilities includes the full suite of EPCI services for six new offshore jackets as well as three associated topsides. The project scope also includes eight kilometers (4.9 miles) of 28-inch corrosion resistant alloy cladded pipeline, two inter-platform bridges, eight kilometers (4.9 miles) of composite cables as well as brownfield works at the existing offshore facilities.

The duration of the work is expected to be approximately 34 months and the contract award will be reflected in McDermott’s first quarter 2019 backlog.

McDermott plans to use its engineering teams in the Middle East and Chennai, with fabrication primarily taking place at McDermott’s facilities in Batam, Indonesia.

Vessels Emerald Sea, Derrick Barge 30, and Derrick Barge 50 from McDermott’s global fleet are scheduled to undertake the installation and completions work.

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