McDermott International, Inc. (NYSE:MDR) ("McDermott") announced on Monday that it has been awarded a large project for a new jacket, temporary deck and replacement umbilical by Qatar Petroleum for the North Field Alpha gas development, offshore Qatar. Work is expected to be executed through the second quarter of 2016 and will be included in McDermott's first quarter 2015 backlog.
The jacket installation calls for highly specialized engineering by McDermott to simulate the expected behavior of the structure during launch to ensure a safe and successful operation. (Photo: Business Wire)
The brownfield contract includes front-end engineering design verification, detailed engineering, procurement, construction, installation ("EPCI") and commissioning of a new six-legged, 15-slot wellhead jacket and temporary drill deck, with a total weight of approximately 5,000 tons. The work also includes the decommissioning, removal, replacement and pre-commissioning of 2.6 miles of composite umbilical and a fiber optic cable, in the Maydan Mahzam field.
"For more than 30 years, McDermott has successfully delivered numerous projects for Qatar Petroleum and its partners in Qatar's North Field, and we are pleased to further build on this relationship, as they focus on enhancing their oil recovery and production capability," said Tom Mackie, Vice President, Middle East. "We believe our ability to provide a fully integrated EPCI solution from one centralized location in Dubai will enable us to be more effective at ensuring certainty of delivery across all stages of the project allowing for more scheduling flexibility, and higher quality and safety, which is critical when working within an actively producing field, to ensure minimal operational interruption."
Detailed engineering, procurement and construction is expected to be carried out by McDermott's specialist teams in Dubai, United Arab Emirates with vessels from the McDermott global fleet scheduled to undertake the installation work in 2016.
