McDermott International, Inc., (MDR) today announced it has been awarded a sizeable transport and installation contract by an upstream oil and gas operator for a project offshore Trinidad, West Indies.
The contract award includes the transport and installation of a 1,000-ton deck and 1,600-ton jacket. It also covers the onshore fabrication, reel-lay and pre-commissioning of 14,000 feet of 14-inch pipeline that includes the pull-in of a 12-inch riser at an existing offshore platform scheduled to be completed using McDermott vessels, Derrick Barge 50 (DB50) and the North Ocean 105 (NO105).
Project completion is expected to be in the third quarter of 2016. The pipeline will be welded at McDermott’s new Gulfport, Mississippi, spoolbase.
“McDermott’s customer-focused approach, in combination with project execution expertise, best-in-class assets and alignment with the client on project objectives set us apart,” said Scott Munro, Vice President for Americas, Europe and Africa. “We’re pleased to be able to provide an integrated approach involving our new spoolbase in Gulfport, the NO105 and the DB50 that addresses all project drivers to deliver the best overall solution.”
Revenue from the award will be included in McDermott’s fourth quarter 2015 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 10,300 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.
