McDermott awarded large offshore EPCI jackets contract by Qatargas
McDermott International, Inc. (NYSE: MDR) says it has secured a large contract award from Qatargas for engineering, procurement, construction and installation (EPCI) for expansion of the North Field offshore facilities in the State of Qatar.
The contract for new facilities includes the full suite of EPCI services for eight new offshore jackets.
McDermott plans to use its project management and engineering teams in Doha, Qatar, with fabrication primarily taking place at McDermott's facilities in Batam, Indonesia. Vessels Derrick Barge 50 and Derrick Barge 27 from McDermott's global fleet are scheduled to undertake the installation and completions work.
The work is expected to begin immediately and will be booked into McDermott's second quarter 2019 backlog.
McDermott defines a large contract as between USD $50 million and USD $250 million.
About McDermott
McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. It is called the "One McDermott Way." Operating in over 54 countries, McDermott's locally focused and globally-integrated resources include approximately 32,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. As used in this press release, McDermott includes McDermott International, Inc. and its subsidiaries and affiliates.
