Heerema contracts McDermott for deepwater GoM platform component fabrication

May 31, 2012
Heerema Marine Contractors Nederland BV has awarded to McDermott International Inc. (NYSE:MDR) a fabrication contract for deepwater Gulf of Mexico platform components.

Offshore staff

HOUSTON –Heerema Marine Contractors Nederland BV has awarded to McDermott International Inc. (NYSE:MDR) a fabrication contract for deepwater Gulf of Mexico platform components.

McDermott will construct 16 tendon buoyancy modules to be used during offshore installation of the platform, approximately 225 mi (362 km) south of New Orleans in waters up to 5,185 ft. (1,580 m) deep.

McDermott will procure, fabricate, and loadout the structures from its Morgan City, Louisiana, facility. Consisting of an upper and lower module, each TBM is designed to be interchangeable as either an upper or a lower module. Fabrication work is expected to commence during 2Q 2012.

A McDermott subsidiary also has been awarded a design, engineering, and procurement management contract by VAALCO Gabon Inc., for theEtame platform, and a design engineering contract for a potential Southeast Etame / North Tchibala (SEENT) platform, both offshore Gabon, West Africa.

The new oil and gas wellhead production platform(s) will be located in the Etame Marin block off the coast of Gabon and will be engineered to produce oil and gas.

5/31/2012