McDermott wins offshore installation work for Saudi Aramco at its Abu Safah project

Source: McDermott International

McDermott International (NYSE: MDR) has been awarded a new purchase order for Saudi Aramco's Abu Safah project in the Arabian Gulf offshore Saudi Arabia

One of McDermott’s subsidiaries was awarded a Contract Release Purchase Order under the Offshore Maintain Potential Project, as part of the Long Term Agreement with Saudi Aramco

Work will involve the installation of infield flow lines, flexible laterals, power and control cables and sleds within the Abu Safah, Safaniya and Berri fields. 

The scope includes the installation of three intra-field pipelines totaling 26 kilometers, comprising pipe 16 inches and 20 inches in diameter; and 34 kilometers of subsea power and fiber optic composite cables, as well as a total of 4.5 kilometers of flexible pipelay and eight valve skids to be tied into the newly laid flow lines connecting to the existing platforms. A large subsea diving component is also associated with the project.

"Our ability to provide a competitive and robust execution strategy helped us secure this prestigious award," said Stephen M. Johnson, President and Chief Executive Officer, McDermott International, Inc. "The company's association with Saudi Aramco dates back several decades, and we are pleased to be working together on this important project." 

This award was included in McDermott's second quarter 2010 backlog.
Crews of McDermott's DB27 and Thebaud Sea will install the facilities. Work is scheduled to commence in the fourth quarter of 2010.

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