J. Ray McDermott wins pipeline project off Vietnam

PV Gas of Vietnam has awarded J. Ray McDermott, S.A. subsidiary McDermott International Inc. a contract for a gas pipeline from Su Tu Vang to Rang Dong in the Cuu Long basin.

Offshore staff

HOUSTON -- PV Gas of Vietnam has awarded J. Ray McDermott, S.A. subsidiary McDermott International Inc. a contract for a gas pipeline from Su Tu Vang to Rang Dong in the Cuu Long basin.

The offshore installation is scheduled for 2008 using one of J. Ray's combination derrick/pipelay barges. First gas production into the new pipeline is targeted on or before Oct. 15, 2008.

The scope of work includes engineering, procurement, and installation of approximately 45 km (28 mi) of 16-in (40.6-cm) subsea pipeline originating at the outlet flange of the subsea isolation valve at Cuu Long Joint Operating Co.'s Su Tu Vang central processing platform and ending at Japan Vietnam Production Co.'s Rang Dong platform. A new subsea pipeline end manifold will be installed to connect the new pipeline to the existing Rang Dong-to-Bach Ho pipeline system.

"This is the first opportunity for J. Ray to work directly with PV Gas in Vietnam," says Bob Deason, CEO of J. Ray. "J. Ray is delighted at being selected for this fast track contract, and we look forward to extending our record of completing projects in Vietnam to our customer's full satisfaction."

6/26/2007

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