McDermott International, Inc. (NYSE:MDR) announced on Monday, November 9th, that it has been awarded a large brownfield contract by RasGas Company Limited (RasGas) for the engineering, procurement, construction and installation (EPCI) of a flow assurance and looping project consisting of 74 miles of 6- and 8-inch pipeline and topside modifications, offshore Qatar. Work is scheduled for completion by the end of the third quarter of 2017.
McDermott and RasGas have worked closely together for two decades with McDermott having fabricated and installed numerous RasGas facilities offshore Qatar. Currently, the companies have an Engineering Service Agreement (ESA) under which McDermott has executed several concept studies and Front End Engineering Design (FEED) projects. Additionally, the McDermott team is assisting with the upgrade and replacement of three helidecks.
“Some 20 years ago, McDermott and RasGas began building what has become a historically strong working relationship,” said Tom Mackie, McDermott’s Vice President, Middle East. “This set the stage for this award. By combining our knowledge of the customer’s current production infrastructure, early collaboration through our ESA, and our unique brownfield capabilities, McDermott provided RasGas with an optimal EPCI solution.”
Engineering, procurement and fabrication is expected to be performed by McDermott’s teams based in Dubai, U.A.E. Vessels from the McDermott global fleet are expected to undertake the installation work.
Revenue for the order will be included in McDermott’s third quarter 2015 backlog
