HOUSTON, April 30, 2019 /PRNewswire/ -- McDermott
International, Inc. (NYSE: MDR) today announced the award of a
contract by ENI México for engineering, procurement and
construction of wellhead platform one (WHP1) to be installed in the
Amoca field, located approximately 18 miles (30 kilometers)
offshore Dos Bocas in southeast
Mexico.
The four-deck topsides will have two main decks and will weigh
approximately 2,924 tons (2,653 metric tons). The four-legged
jacket and piles will weigh approximately 1,785 tons (1,620 metric
tons). McDermott will perform the hookup, commissioning and startup
of 12 wells. The jacket and piles are scheduled to be ready for
loadout by the end of the fourth quarter 2019 while the deck is
expected to be ready for loadout by the end of the second quarter
2020.
"This contract marks McDermott's largest award to date with ENI
México and it builds on our previous success in delivering ENI's
projects with the highest levels of safety, quality and
cost-efficiency," said Mark Coscio,
McDermott's Senior Vice President for North, Central and
South America. "For the Amoca
Field project, we will provide word-class solutions through our
engineering center in Mexico City
and our fabrication facility in Altamira to perform the work."
The engineering work is expected to begin immediately, and the
contract will be reflected in McDermott's second quarter 2019
backlog.
The Amoca WHP1 is an unmanned oil and gas production facility
that includes eight producer wells and four water injection wells.
WHP1 will be installed in the Gulf of
Mexico, Contract Block 1 at an approximate water depth of 93
feet (28 meters). Fluids will be exported to a floating production,
storage and offloading vessel.
About McDermott
McDermott is a premier, fully integrated provider of technology,
engineering and construction solutions to the energy industry. For
more than a century, customers have trusted McDermott to design and
build end-to-end infrastructure and technology solutions to
transport and transform oil and gas into the products the world
needs today. Our proprietary technologies, integrated expertise and
comprehensive solutions deliver certainty, innovation and added
value to energy projects around the world. Customers rely on
McDermott to deliver certainty to the most complex projects, from
concept to commissioning. It is called the "One McDermott Way."
Operating in over 54 countries, McDermott's locally focused and
globally-integrated resources include approximately 32,000
employees, a diversified fleet of specialty marine construction
vessels and fabrication facilities around the world. As used in
this press release, McDermott includes McDermott International,
Inc. and its subsidiaries and affiliates. To learn more, visit
www.mcdermott.com.
Forward-Looking Statements
In accordance with the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995, McDermott cautions that
statements in this press release which are forward-looking, and
provide other than historical information, involve risks,
contingencies and uncertainties that may impact McDermott's actual
results of operations. These forward-looking statements include,
among other things, statements about backlog, to the extent backlog
may be viewed as an indicator of future revenues or profitability,
and statements about the expected value, scope, execution and
timing of the project discussed in this press release. Although we
believe that the expectations reflected in those forward-looking
statements are reasonable, we can give no assurance that those
expectations will prove to have been correct. Those statements are
made by using various underlying assumptions and are subject to
numerous risks, contingencies and uncertainties, including, among
others: adverse changes in the markets in which we operate or
credit markets, our inability to successfully execute on contracts
in backlog, changes in project design or schedules, the
availability of qualified personnel, changes in the terms, scope or
timing of contracts, contract cancellations, change orders and
other modifications and actions by our customers and other business
counterparties, changes in industry norms and adverse outcomes in
legal or other dispute resolution proceedings. If one or more of
these risks materialize, or if underlying assumptions prove
incorrect, actual results may vary materially from those expected.
For a more complete discussion of these and other risk factors,
please see McDermott's annual and quarterly filings with the
Securities and Exchange Commission, including its annual report on
Form 10-K for the year ended December 31,
2018 and subsequent quarterly reports on Form 10-Q. This
press release reflects management's views as of the date hereof.
Except to the extent required by applicable law, McDermott
undertakes no obligation to update or revise any forward-looking
statement.
Contacts:
Investor Relations
Scott Lamb
Vice President, Investor Relations
+1 832-513-1068
Scott.Lamb@McDermott.com
Global Media Relations
Gentry Brann
Global Vice President, Communications & Marketing
+1 281-870-5269
Gentry.Brann@McDermott.com
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SOURCE McDermott International, Inc.