McDermott wins Middle East offshore field expansion contract

McDermott International has won an EPCI contract valued at around $200 million for an offshore project in the Middle East.

Offshore staff

HOUSTON --McDermott International (NYSE: MDR) has won an EPCI contract valued at around $200 million for an offshore project in the Middle East.

The scope includes fabrication, transportation, and installation of two production deck modules and 10 observation platforms, two subsea pipeline installations, three submarine power cables, and two fiber optic cables.

Stewart Mitchell, McDermott’s senior VP and general manager,Middle East & Atlantic said engineering would be conducted at the company’s offices in Dubai and Al Khobar, with construction and transportation handled by its Jebel Ali fabrication yard.

“This project is acontinuation of work we have previously completed for the same client in the same field,” he added. “Knowledge and experience gained over the years will give us a greater insight into the field characteristics and project execution requirements.”

McDermott vessels should mobilize for the installations toward mid-2014. Project completion, including hookup and commissioning, is scheduled for 1Q 2015.

11/27/2013

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