McDermott wins EPCI Saudi Aramco Contract

McDermott International, Inc.  announced a contract award from Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of four jackets and three gas observation platforms offshore Saudi Arabia. The total weight of all structures combined is 11,595 tons.

“As the third fast-track jacket contract from Saudi Aramco in the last 18 months, this award is a testament to McDermott’s successful performance on previous fast-track projects for Saudi Aramco,” said Linh Austin, McDermott’s Vice President, Middle East & Caspian. “McDermott’s fully-integrated EPCI solution provides Saudi Aramco schedule certainty, one of their key drivers, while helping them meet their aggressive schedule.”

In 2015, McDermott was awarded a project by Saudi Aramco for the EPCI of twelve jackets; a project successfully completed in 2016. McDermott is currently executing EPCI work for Saudi Aramco on nine jackets offshore Saudi Arabia, which are expected to be delivered in the third quarter of 2017.

The contract award will be reflected in McDermott’s fourth quarter 2016 backlog. Work on the contract is expected to be executed through the fourth quarter of 2017.

McDermott plans to use its Engineering teams in Dubai, Chennai, India and Al Khobar, Saudi Arabia with construction taking place at McDermott’s fabrication facilities in Dubai and Dammam, Saudi Arabia. Vessels from McDermott’s global fleet are scheduled to perform the installation work.

About McDermott
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. 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.

Source: www.mcdermott.com