McDermott Demonstrates Effective Project Execution with Milestone Delivery of Riser Support Structure for Ichthys Project
November 12 2014 - 7:30AM
Business Wire
McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced
today that it has successfully delivered the riser support
structure (“RSS”) for the INPEX-operated Ichthys LNG Project’s
subsea umbilical, riser, flowline development.
The 7,200-ton Ichthys Riser Support
Structure accounts for more than 25 percent of the total 28,700-ton
of subsea structures that McDermott is fabricating for the Ichthys
project. (Photo: Business Wire)
“The completion of the RSS fabrication, load-out and successful
installation is a major milestone,” said Tony Duncan, Executive
Vice President Subsea. “Few companies in the industry have the
capability to deliver a full engineer, procure, construct and
install of a subsea project of this scale and nature. The timely
delivery of the RSS is testament to the effective project execution
delivery model we have adopted for the Ichthys LNG Project
highlighting the strong capabilities of McDermott’s team comprised
of industry experts from key locations, including Singapore, Batam
and Perth and significantly de-risks the project execution
schedule.”
Through smart engineering, McDermott was able to optimize the
design and constructability of the structure that translated into
cost savings in both time and materials for the customer. The
innovative design concept of the structure was brought to reality
by the combined expertise of our in-house Singapore based
engineering team and our fabrication facility located on Batam
Island, Indonesia.
The 7,200-ton RSS connects the field’s subsea infrastructure to
a semi-submersible central processing facility. The RSS structure
is comprised of a tower, more than 328 feet tall, with an arch
410-foot long also designed and fabricated by McDermott to be
installed at a later date, to support 25 large-diameter flexible
risers and dynamic umbilicals.
“The RSS accounts for more than 25% of the total 28,700 ton of
subsea structures we are fabricating for Ichthys,” explained
Duncan. “It is an integral piece of the subsea field architecture
as all other subsea structures will be installed and oriented
relative to its location.”
In addition to the RSS, the facility is undertaking the
fabrication of subsea structures including the Flow Line End
Terminations, In Line Tees, manifolds and riser bases.
The Ichthys project awarded to McDermott in 2012 includes EPCI
and pre-commissioning of product flowline systems, a Mono Ethylene
Glycol injection system, start-up condensate transfer and fuel gas
transfer flowline systems, control systems and other associated
SURF elements in waters up to 900 feet. McDermott will also install
mooring systems for the Floating Production, Storage and Offtake
vessel and Central Processing Facility as well as engineering for
future flowlines, risers and umbilicals.
About the Ichthys LNG
Project
The Ichthys LNG Project is a Joint Venture between INPEX group
companies (the Operator), major partner Total and the Australian
subsidiaries of Tokyo Gas, Osaka Gas, Toho Gas and Chubu Electric
Power. Gas from the Ichthys Field, in the Browse Basin
approximately 124 miles offshore Western Australia, will undergo
preliminary processing offshore to remove water and raw liquids,
including condensate. The gas will then be exported to onshore
processing facilities in Darwin via a 552 miles pipeline. The
Ichthys LNG Project is expected to produce 9.3 million tons of LNG
and 1.8 million tons of LPG per annum, along with approximately
100,000 barrels of condensate per day at peak.
ABOUT McDERMOTT
McDermott is a leading provider of integrated engineering,
procurement, construction and installation (EPCI) services for
upstream field developments worldwide. The Company 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. Our clients include national and major energy
companies. Operating in more than 20 countries across the
world, our locally focused and globally integrated resources
include approximately 14,000 employees, a diversified fleet of
specialty marine construction vessels, fabrication facilities and
engineering offices. We are renowned for our extensive knowledge
and experience, technological advancements, performance records,
superior safety and commitment to deliver. McDermott has served the
energy industry since 1923 and is listed on the New York Stock
Exchange. As used in this press release, McDermott includes
McDermott International, Inc. and its subsidiaries and
affiliates.
To learn more, please visit our website at 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, the expected scope, execution and timing
associated with this project. 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 based on
various underlying assumptions and are subject to numerous risks,
contingencies and uncertainties, including, among others: changes
in project design or schedules, the availability of qualified
personnel, changes in the scope or timing of contracts, contract
cancellations, change orders and other modifications and
difficulties executing on the project. 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, 2013 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.
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McDermott International, Inc.Investors & Financial
MediaSteve Oldham,
+1-281-870-5147soldham@mcdermott.comorTrade, General & Local
MediaLouise Denly, +1-281-870-5025ldenly@mcdermott.comorJuliana
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