McDermott Awarded Major EPCI Contract in Middle East

By Curious
  • Award testament to McDermott’s operational expertise in the Middle East
  • McDermott to provide full suite of EPCI services for significant scope of work
  • Award to be reflected in McDermott’s Q4 2017 backlog

McDermott International, Inc. (NYSE:MDR) yesterday announced a major* contract award from a Middle East customer for engineering, procurement, construction and installation (EPCI) services offshore in the Arabian Gulf.

McDermott Awarded Major EPCI Contract in Middle East
Caption: McDermott Lay vessels DLV2000 and LV108 working in Ichthys field of INPEX, Australia - Image courtesy of McDermott

“McDermott continues to receive considerable projects in the Middle East. This award signifies our long-standing position and strong relationships with our Middle East customers,” said Linh Austin, McDermott Vice President, Middle East and Caspian.

Work on the contract is expected to begin immediately and will be reflected in McDermott’s fourth quarter 2017 backlog.

McDermott plans to use its engineering and procurement teams in Dubai, Chennai and Al Khobar, Saudi Arabia. Construction is expected to take place at McDermott’s facilities in Dammam, Saudi Arabia and Jebel Ali, Dubai. Vessels from McDermott’s global fleet are scheduled to perform the installation work.

* McDermott defines a major contract as between USD $750 million and USD $1,500 million.

Source: McDermott