McDermott Wins Sizeable Award for Offshore Development in Trinidad

abarrelfullabarrelfull wrote on 10 Dec 2015 09:20
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McDermott International, Inc., (NYSE:MDR) today announced it has been awarded a sizeable transport and installation contract by an upstream oil and gas operator for a project offshore Trinidad, West Indies.

The contract award includes the transport and installation of a 1,000-ton deck and 1,600-ton jacket. It also covers the onshore fabrication, reel-lay and pre-commissioning of 14,000 feet of 14-inch pipeline that includes the pull-in of a 12-inch riser at an existing offshore platform scheduled to be completed using McDermott vessels, Derrick Barge 50 (DB50) and the North Ocean 105 (NO105).

Project completion is expected to be in the third quarter of 2016. The pipeline will be welded at McDermott’s new Gulfport, Mississippi, spoolbase.

“McDermott’s customer-focused approach, in combination with project execution expertise, best-in-class assets and alignment with the client on project objectives set us apart,” said Scott Munro, Vice President for Americas, Europe and Africa. “We’re pleased to be able to provide an integrated approach involving our new spoolbase in Gulfport, the NO105 and the DB50 that addresses all project drivers to deliver the best overall solution.”

Revenue from the award will be included in McDermott’s fourth quarter 2015 backlog.


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