J Ray McDermott, Inc Awarded EPCI Contract for Murphy Oil Deepwater Spar Project in the Gulf of Mexico

abarrelfullabarrelfull wrote on 20 Jul 2012 13:53
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06 March 2001

J. Ray McDermott, Inc., a subsidiary of McDermott International, Inc. (NYSE:MDR), has been awarded a turnkey engineer-procure-construct-install contract to provide a spar platform for the Medusa Field Development Project, a deepwater development for Murphy Oil Corp. (NYSE:MUR) in the Gulf of Mexico. Financial terms of the contract are not being disclosed.

SparTEC, Inc., a subsidiary of J. Ray McDermott, will act as the general contractor and overall project manager for the design engineering, procurement, fabrication, installation and commissioning of the Medusa offshore production facility, which will be located in 2,223 feet of water in Mississippi Canyon Block 582.

"We are extremely honored and excited to be selected by Murphy to bring Medusa to fruition," said Bobby Rawle, president of J. Ray McDermott. "The proprietary spar technology we offer and our worldwide EPCI capability reaffirms the strength of our position in this quickly evolving segment of the marine construction industry."

To deliver the facility, SparTEC will fully utilize J. Ray McDermott's worldwide industry assets. J. Ray McDermott Engineering LLC will be responsible for the detailed engineering of the platform's hull, mooring and topsides. J. Ray McDermott's Jebel Ali Fabrication Yard, located in the United Arab Emirates, will fabricate the spar hull.

The topsides will be prefabricated into subassemblies at J. Ray McDermott's TNG facility in Veracruz, Mexico, then assembled and outfitted at the company's newly reopened Harbor Island Fabrication yard near Corpus Christi, Texas. The work at Harbor Island will be supported by the strategic alliance with Bay Ltd.

Mentor Subsea Technology Services, Inc., a unit of J. Ray McDermott, will be responsible for the design and procurement of the platform's production risers. J. Ray McDermott will also be responsible for offshore installation, hookup and commissioning.

"We are excited about combining our spar technology with this EPCI delivery model," said Cliff Bell, vice president and general manager of J. Ray McDermott's Western Hemisphere operations. "By using in-house units we're able to perform multiple functions and activities at the same time while eliminating many interface problems that frequently arise in large complex projects. Customers get the benefit of quicker delivery schedules and reduced costs."


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