McDermott Lands $900 Million Worth of Contracts in Arabian Gulf

McDermott International, Inc.  announced today that one of its subsidiaries has been awarded two projects for a customer in the Arabian Gulf. The value of these contracts is approximately US$900 million and is included in McDermott’s first quarter 2013 backlog.

The first project includes engineering, procurement, construction and installation of a new tie-in platform, with a 3,200-tonne topside and six-pile jacket, two auxiliary platforms, jackets and bridges as well as five observation platforms, 72 kilometers of pipelines and 45 kilometers of subsea cables. Water depths range from 10 to 30 meters.

Also included in the project scope is significant brownfield work, comprising upgrades to five platforms with new main, mezzanine, cellar and helicopter decks and new boat landings. Project completion is expected in the third quarter 2015.

The second contract includes the fabrication, transportation and installation of five drill support structures weighing a total of 7,993 tonnes in water depths ranging from 30 to 65 meters. Project completion, including hookup and commissioning, is expected to be in the first quarter of 2014.

Engineering for these projects will be undertaken by McDermott at its Al-Khobar and Dubai engineering offices, with construction scheduled at the company’s fabrication facility at Jebel Ali, United Arab Emirates. The offshore scopes will be installed using vessels from the McDermott fleet.

 April 8, 2013

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