McDermott awarded subsea contract in Brazil

Offshore staff

HOUSTON – A McDermott International Inc. (NYSE:MDR) subsidiary has entered into an agreement with Petrobras to the supply the subsea lay vessel North Ocean 105 (LV105).

The LV105 will carry out deepwater umbilical and flexible pipe installation in the presalt region and Campos basin area offshore Brazil. With work beginning 3Q 2014, the term of the charter is approximately 200 days, with an option to extend.

The charter supports McDermott’s vessel utilization targets, as during the second half of 2014, the company will have three deepwater vessels on charter to Petrobras.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...