McDermott secures two Saudi Aramco projects

July 17, 2012 | Contracts, Middle East

McDermott_Al-Shaheen-Field-in-Qatar

Saudi Aramco has selected a subsidiary of McDermott International for two projects in the Arabian Gulf in the Karan, Safaniya and Zuluf fields.

McDermott, under the first project, Karan-45, will fabricate a new wellhead platform, auxiliary platform, jacket and link bridge, with subsea installation of a 20-inch flowline and a 15kV composite power and fiber optic cable.

McDermott chairman, President and chief executive officer Steve Johnson said the company is nearing completion of the 39 structures originally awarded under the Karan contract in March 2009, and the experience gained has given it an in-depth knowledge of the specific field characteristics and project requirements.

“By using consistent methodology and personnel across both projects, McDermott strives to provide an optimum solution to Saudi Aramco through which the Karan-45 project can be delivered safely and on time,” Johnson said.

The second project awarded under the existing long-term agreement will include procurement of flexible flowlines and the fabrication, transportation and installation of pipelines and subsea tie-ins.

The procurement and fabrication will be carried out at the company’s Jebel Ali facility and installation, using vessels from
McDermott’s fleet and is expected to be completed by the end of the first quarter of 2013.

The values of these contracts will be added to McDermott’s to the second quarter 2012 backlog.