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McDermott International Wins Offshore Pipelay Contract In Middle East
February 13, 2017
Houston-based McDermott International, Inc. recently won the award for a major offshore pipelay contract in the Middle East. It will be managed out of McDermott's Dubai specialist group.
Dubai (GLOBE NEWSWIRE) --
The pipelay contract, sizeable in value, includes the engineering, procurement and installation of two oil pipelines offshore. Work on this contract is expected to be completed by the end of the second quarter in 2018.
“This contract marks another example where our clients in the Middle East recognize our integrated customer-driven solutions that are consistently delivered with outstanding safety and within cost and schedule,” said Linh Austin, McDermott’s Vice President, Middle East and Caspian. “This award demonstrates our ability to offer our customers a flexible, tailored project solution that meets their needs and that uses our multi-purpose assets.”
Work on the contract is expected to begin immediately and will be reflected in McDermott’s fourth quarter 2016 backlog.
Detailed engineering and procurement is expected to be carried out by McDermott’s specialist teams in Dubai, U.A.E with vessels from the McDermott global fleet scheduled to undertake the installation work in 2018.
McDermott is a leading provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide. The Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for complex offshore and subsea oil and gas projects to help oil companies safely produce and transport hydrocarbons.