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J. Ray wins two construction contracts

Offshore Staff

HOUSTON -- Subsidiaries of J. Ray McDermott have been awarded two contracts for offshore construction projects with a combined value of more than $500 million.

The first award, from OOO LUKOIL-Nizhnevolzhskneft, is a contract to install offshore facilities in the Yuri Korchagin field. J. Ray's scope of work includes the transportation and installation of the piles for the ice-resistant fixed platform LSP-1, as well as transportation and installation of single point mooring substructure, piles, and the topsides.

The second award, from Esso Australia Resources, is an engineering, procurement, construction, and installation contract for work on the Kipper Tuna Gas project located in the Bass Strait, Victoria, Australia.

05/09/2008

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