Offshore staff
(Asia-Pacific) - McDermott International Inc.'s subsidiary, J. Ray McDermott SA was awarded a contract by Cuu Long Joint Operating Co. to provide engineering, procurement, construction, installation, hook-up, and commissioning services for a central processing and production (CPP) platform with an integrated 16,400-short ton deck, and associated infield pipelines for the Su Tu Vang field, offshore Vietnam.
Contracts of this type are typically valued at several hundred million dollars.
The integrated CPP platform, to be installed in about 170-ft water depth, includes the 16,400-short ton deck, a 4,340-short ton eight-leg jacket, and piles weighing in excess of 4,100 short tons and associated pipelines.
Work on the project is scheduled to start in March 2006 when J. Ray will begin engineering and procurement activities from its project office in Singapore.
The CPP platform will be fabricated at J. Ray's recently upgraded facility on Batam Island, Indonesia.
The floatover, jacket, and in-field pipeline installation will be performed by J. Ray's floatover and launch barge and a combination derrick barge.
Total project completion is scheduled for 2Q 2008.
J. Ray has signed numerous contracts during the first quarter of 2006, including the Su Tu Vang project.
The combined value of the contracts awarded thus far in 1Q 2006 is currently in excess of $800 million.
03/21/06
