J. Ray Awarded Karan Project in Saudi Arabia

abarrelfullabarrelfull wrote on 17 Jul 2012 06:37

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Mar. 10, 2009

McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that its subsidiary, J. Ray McDermott, S.A. (“J. Ray”), has been awarded the Karan Offshore Platforms and Subsea Pipelines project by Saudi Aramco. The project involves work inside Saudi Arabia and outside the Kingdom. Once complete, the facility will have a production capacity of 1,800 million cubic feet per day of raw sour Khuff gas.

“J. Ray McDermott has been a consistent contractor for Saudi Aramco for almost 40 years,” said Bob Deason, J. Ray’s President and Chief Executive Officer. “Our first successful collaboration was in 1972, in the Safaniya Field, and most recently with the Long Term Agreement and Maintain Potential projects. We believe that our familiarity with Saudi Aramco’s standards has enabled us to maintain our high ranking in their technical evaluations and our ability to win repeat business is the reward for consistently delivering excellence on Saudi Aramco projects.”

The project comprises four wellhead complexes each of which has a platform topside with gas, chemical injection, and controls facilities as well as a bridge connected auxiliary platform, associated flare bridges and stacks. The four wellhead complexes are clustered around a tie-in platform with similar facilities. The project also includes intrafield pipelines as well as a 110 kilometer trunkline to the shore and all subsea power distribution cables.

The fabrication scope includes topsides and jackets weighing a total of 27,000 metric tons and will utilize J. Ray’s new cladding facility in Jebel Ali, which, with its state-of-the-art computerized vertical and horizontal cladding systems, is capable of welding high integrity corrosion resistant alloys. J. Ray will also perform all of the offshore installation work.

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