McDermott International, Inc. announced today a letter of award for a significant(1) contract for the engineering, procurement, construction and installation (EPCI) services for an offshore Middle East redevelopment project.

McDermott plans to fabricate and install four wellhead topsides, a manifold platform and jacket together with associated subsea pipelines and brownfield tie-in works. The combined total weight of the structures is approximately 7,000 tons (6,400 metric tons) and includes 47 miles (75 kilometers) of onshore and offshore pipeline and umbilicals.

“McDermott has been working in the Middle East region for 54 years and has a proven track record of executing complex offshore projects with certainty. The award of this redevelopment contract is a strong testament to our ability to combine the right offshore assets and superior execution strategy,” said Linh Austin, McDermott Vice President, Middle East and Caspian.

McDermott has a long-standing relationship with this client and vast experience in this field. This award builds on the successful delivery of four jackets in 2016 as part of an earlier phase in the redevelopment project.

Fabrication work is expected to begin in the third quarter of 2018 and offshore installation is planned to begin in the second quarter of 2019. The contract award is expected to be reflected in McDermott’s 2017 fourth quarter backlog.

(1) McDermott defines a significant contract as between USD $250 million and USD $500 million.

About McDermott

McDermott (NYSE:MDR) 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. Our customers include national and major energy companies. Operating in approximately 20 countries across the world, our locally focused and globally integrated resources include approximately 12,400 employees, a diversified fleet of specialty marine construction vessels, fabrication facilities and engineering offices.
We are renowned for our extensive knowledge and experience, technological advancements, performance records, superior safety and commitment to deliver. McDermott has served the energy industry since 1923. As used in this press release, McDermott includes McDermott International, Inc. and its subsidiaries and affiliates.