J. Ray McDermott wins Australian LNG project

Sept. 19, 2005
Woodside Energy Ltd., operator of the North West Shelf Venture's Phase V LNG Expansion project in Australia, awarded McDermott International Inc., a subsidiary of J. Ray McDermott S.A., a $77 million contract.

Offshore staff

(Australia)-Woodside Energy Ltd., operator of the North West Shelf Venture's Phase V LNG Expansion project in Australia, awarded McDermott International Inc., a subsidiary of J. Ray McDermott S.A. (J. Ray), a $77 million contract.

Under the contract, J. Ray will undertake construction engineering, procurement, fabrication, assembly and erection of 75 preassembled module and pipe rack units totaling nearly 22,000 short tons. Completed modules and pipe racks will be shipped from J. Ray's Batam Island, Indonesian fabrication facility to Western Australia, and transported to the Venture's LNG facilities on the Burrup Peninsula where the new LNG "Train V" is being constructed.

Structural fabrication work on the project is scheduled to begin in October 2005, with piping fabrication planned to commence by the beginning of next year. J. Ray will also provide interface management with other contractors, suppliers and vendors.

The six equal participants in the North West Shelf Venture are: BHP Billiton Petroleum (North West Shelf) Pty Ltd; BP Developments Australia Pty Ltd; Chevron Australia Pty Ltd; Japan Australia LNG (MIMI) Pty Ltd; Shell Development (Australia) Proprietary Ltd; and Woodside Energy (Operator). CNOOC NWS Private Limited is also a member of the North West Shelf Venture but does not have an interest in the Venture's infrastructure.

09/19/05