McDermott awarded turnkey contract for PEMEX production platform

Source:McDermott International, Inc.

McDermott International, Inc. (NYSE: MDR) announced today that one of its subsidiaries has received a letter of award for a turnkey contract for the PB-Litoral-A production platform for PEMEX Exploracion y Produccion in the Litoral Tabasco Tsimin-Xux fields. The value is approximately US$230 million and will be included in McDermott's fourth quarter 2012 backlog.

“This project reaffirms our Altamira, Mexico fabrication facility as a key player for both domestic and international offshore construction projects,” said Steven W. Roll, Vice President and General Manager, Atlantic region. “Our investments in Altamira are beginning to show dividends as we continue to grow the facility and supporting resources in this strategic location.”

McDermott’s global resources support turnkey engineering, procurement, construction and installation (“EPCI”) solutions and offer PEMEX the most competitive solution for the PB-Litoral-A production platform. Coupled with the Company’s broad experience designing and fabricating crude oil conditioning facilities, McDermott’s advanced float-over technology for heavy topsides is a reliable and cost-effective method for topside installation and the Company’s proven track-record speaks for its consistency to deliver.

The PB-Litoral-A project scope includes front end engineering design, detailed engineering, procurement, fabrication, load-out, sea fastening, transport, installation, hook-up, commissioning and start-up of an eight-legged 1,800-tonne jacket, 4,500-tonne topsides and 2,000 tons of tripods, bridges and piles. The total weight of the facility is approximately 8,300 tonnes. McDermott will also provide training to PEMEX personnel for operation and maintenance of the facility once commissioned.

Engineering work is expected to begin in early 2013 by McDermott’s Houston and Chennai engineering offices, with fabrication at Altamira, Mexico, where at peak, more than 550 craft personnel are expected to be engaged on the project.

McDermott will carry out installation of the topsides by the float-over method using its Intermac 600 float-over barge, and the recently upgraded and improved McDermott Derrick Barge 50 will install key platform components and provide additional support.

In addition to the PB-Litoral-A scope, McDermott will undertake bridge and piping tie in, as well brownfield work on the CA-Litoral-A HP compression platform.

Full project completion is expected during the second quarter of 2015.

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

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs