McDermott Successfully Completes Otis Subsea Tieback for LLOG Exploration Offshore Gulf of Mexico
April 28 2016 - 8:30AM
McDermott International (NYSE:MDR) has successfully completed the
installation scope associated with the Otis development in the Gulf
of Mexico on behalf of LLOG Exploration Offshore. McDermott’s Lay
Vessel North Ocean 105 (LV 105) completed the deepwater subsea
tieback from the Otis well in Mississippi Canyon 79 to the Delta
House Floating Production System in water depths ranging from 3,861
feet to 4,420 feet.
The scope of work consisted of project management, engineering,
and installation of 70,000 feet of insulated rigid flowline and
insulated steel catenary riser as well as a control umbilical, PLEM
jumper and associated flying leads. The flowline and riser
were fabricated at McDermott’s new spoolbase and marine facility in
Gulfport, Mississippi. All engineering and project management
functions were completed in McDermott’s Americas, Europe and Africa
headquarters in Houston.
“This marks an important milestone for the McDermott
organization as the first project executed in its Gulfport
Spoolbase and the first installation of a steel catenary riser by
the LV 105,” said Scott Munro, McDermott Vice President for
Americas, Europe and Africa. “The execution of the Otis project has
positioned McDermott for success on our other 2016 reel lay
projects, including Anadarko Caesar Tonga Phase II. This project
demonstrates our commitment to adding value to the subsea tieback
market and is the foundation for McDermott to establish itself as
the reel lay contractor of choice for our customers in the Gulf of
Mexico.”
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 customers include national and major energy companies.
Operating in more than 20 countries across the world, our locally
focused and globally integrated resources include approximately
11,200 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. As used in this press release,
McDermott includes McDermott International, Inc. and its
subsidiaries and affiliates. To learn more, visit our website at
www.mcdermott.com.
Forward-Looking Statement 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 this project positioning McDermott for
success on other projects and laying the foundation for McDermott
to establish itself as the reel lay contractor of choice in the
Gulf of Mexico. 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: 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 business
partners, difficulties executing on the project and changes in
industry norms. 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, 2015. 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.
McDermott International, Inc
Investor Relations .
Kathy Murray
Vice President, Treasurer and Investor Relations
+1 281.870.5147
kamurray@mcdermott.com
Media Relations
Rick Goins
Director, Global Communications
+1 281.870.5932
rgoins@mcdermott.com
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