McDermott International, Inc. announced that one of its subsidiaries was awarded an Engineering, Procurement, Construction and Installation (EPCI) project for a customer in the Arabian Gulf. The value is approximately US$ 200 million and will be included in McDermott’s fourth quarter 2013 backlog.

The contract includes the fabrication, transportation and installation of offshore facilities including two production deck modules and ten observation platforms. The scope also includes works for two subsea pipeline installations, three submarine power cables and two fiber optic cables.

“Engineering work will be undertaken by the Dubai and Al Khobar offices, with construction and transportation from its Jebel Ali fabrication facility,” said Stewart Mitchell, Senior Vice President and General Manager, Middle East & Atlantic. “This project is a continuation of work we have previously completed for the same Client in the same field. Knowledge and experience gained over the years will give us a greater insight into the field characteristics and project execution requirements. We are pleased that our Client has shown continued confidence in McDermott with this award.”

Installation will be carried out using vessels from its global fleet which are expected to mobilize in the end of the second quarter of 2014. Project completion, including hookup and commissioning, is expected during the first quarter of 2015.

ABOUT McDERMOTT

McDermott(NYSE: MDR) (“McDermott”) is a leading engineering, procurement, construction and installation group of companies focused on executing complex offshore oil and gas projects worldwide. Providing fully integrated EPCI services for upstream field developments, the company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning. McDermott’s customers include national and major energy companies. Operating in more than 20 countries across the Atlantic, Middle East and Asia Pacific, McDermott’s integrated resources include more than 13,500 employees and a diversified fleet of marine vessels, fabrication facilities and engineering offices. McDermott has served the energy industry since 1923.