McDermott scores offshore deal in Middle East

McDermott scores offshore deal in Middle East

McDermott International, Inc. has secured a contract by an unnamed upstream oil and gas operator for a project offshore in the Middle East.

The scope includes engineering, procurement, fabrication, transportation and installation of offshore pipelines. Engineering and offshore mobilization of McDermott’s in-house vessels has started for this “fast-track assignment”, the company said.

“The Middle East market remains very active and continues to be a focus for McDermott and we are pleased with our customers’ continued trust in our capabilities in executing offshore EPCI work in the region,” said Linh Austin, Vice President, Middle East Area. “The nature of this fast-track project was ideally suited to our vertically integrated capabilities involving our engineering, project management and procurement teams based in Dubai, as well as our marine assets in the region that addressed all the project drivers to deliver the best customer-focused solution.”

McDermott did not say what the value of the deal was, but it did describe it as a “large contract”. It said that the project completion was expected by the end of 2016.

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Posted on March 4, 2016 with tags .

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