McDermott wins pipeline installation contract from Pemex

McDermott says that it has been awarded a contract by Pemex Exploración y Producción for procurement, construction and installation of three oil and gas pipelines in Mexico’s Bay of Campeche.

Offshore staff

HOUSTON– McDermott International, Inc., says that one of its subsidiaries was awarded a contract by Pemex Exploración y Producción for procurement, construction and installation of three oil and gas pipelines ranging from 8 to 20-in. diameter, in Mexico’s Bay of Campeche.

The contract is valued at more than US$50 million and will be included in McDermott’s second quarter backlog for 2011.

“We are pleased to be working again for Pemex in the Gulf of Mexico. Our installation solution for this project will be supported by our subsea engineering design group in Houston and fabrication work from our construction yard in Altamira, Mexico,” said Stephen M. Johnson, McDermott’s Chairman, President and CEO.

Pipeline installation engineering is expected to begin in 2Q 2011, with subsequent fabrication of the risers, clamps and guards, subsea tie-in assembly and additional platform piping and structural items from Altamira. McDermott’s DB16 will perform the installation work, with completion expected by the end of the year.

McDermott says that the DB16has been outfitted with a customized automatic welding system that offers high weld production rates and production flexibility.

The field development in the Gulf of Mexico sits in approximately 170 ft (52 m) of water. The pipelines will run from the Kambesah Wells Recoverer Structure to the Kutz TA platform and the Ixtoc-A platform.

05/31/11

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