McDermott announces the safe and successful completion of transportation, installation, and commissioning activities for the Kikeh subsea gas lift project, awarded by PTTEP Sabah Oil Limited (PTTEP) in the first quarter of 2024.

The project, executed by the company's Kuala Lumpur (KL) based team, in water depths of approximately 1,400 meters, progressed on a fast-track schedule. It involved the replacement of an existing gas lift riser, and the installation of a new dynamic riser section, flowline, and two thermoplastic composite pipe jumpers. Rigorous safety protocols, readiness planning, robust engineering, and procurement efforts ensured seamless vessel mobilization, and completion of the offshore scope of work in under eight months.

"Completing the project ahead of schedule stands as testament to McDermott's capabilities in delivering safe and efficient solutions for deepwater field development projects," said Mahesh Swaminathan, McDermott's Senior Vice President, Subsea and Floating Facilities. "This project adds to our successful project execution track record and highlights our commitment to operational excellence, the importance of collaboration and teamwork, and the value of leveraging local expertise and resources to exceed customer expectations."

Kikeh is a producing field, located approximately 75 miles (120 kilometers) northwest of Labuan Island, offshore Sabah, East Malaysia. It came on stream in 2009 as one of the largest deepwater developments in Malaysia, at the time. The work completed by McDermott includes upgrades essential to maintaining gas delivery to the subsea production system tied back the Kikeh floating production storage and offloading vessel.

McDermott's KL office serves as a strategic hub for the company's Subsea and Floating Facilities business line. It is home to the company's engineering center of excellence with a growing workforce surpassing 1,000 employees, all supporting offshore deepwater project execution in Malaysia, and in other locations across the globe.

About McDermott

McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.

About PTTEP

PTTEP is a national petroleum exploration and production company dedicating itself to providing a sustainable petroleum supply to Thailand and the countries we operate in as well as to bringing in foreign exchange earnings to our country.