McDermott wins Saudi Aramco EPCI contract
HOUSTON, January 18, 2017
McDermott International said it was secured a major contract from Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) services to four jackets and three gas observation platforms offshore Saudi Arabia.
Work on the contract is expected to be executed through the fourth quarter of 2017. The total weight of all structures combined is 11,595 tons.
On the contract win, Linh Austin, McDermott's VP (Middle East & Caspian) said: "As the third fast-track jacket contract from Saudi Aramco in the last 18 months, this award is a testament to McDermott's successful performance on previous fast-track projects for the company."
In 2015, McDermott was awarded a project by Saudi Aramco for the EPCI of twelve jackets; a project successfully completed in 2016.
The company is currently executing EPCI work for Saudi Aramco on nine jackets offshore Saudi Arabia, which are expected to be delivered in the third quarter of 2017.
For this project, McDermott plans to use its engineering teams in Dubai (UAE), Chennai (India) and Al Khobar (Saudi Arabia) with construction taking place at its fabrication facilities in Dubai and Dammam (Saudi Arabia). Vessels from McDermott's global fleet are scheduled to perform the installation work.
"McDermott's fully-integrated EPCI solution provides Saudi Aramco schedule certainty, one of their key drivers, while helping them meet their aggressive schedule," remarked Austin.
The US group delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for complex offshore and subsea oil and gas projects to help oil companies safely produce and transport hydrocarbons.-TradeArabia News Service