McDermott Completes Phase 1 of QGEP Atlanta Early Production System
April 10 2018 - 7:30AM
McDermott International, Inc. (NYSE:MDR) announced today it
completed the first phase of the deep-water Atlanta Early
Production System (EPS), located approximately 115 miles (185
kilometers) offshore southeast of Rio de Janeiro, for independent
Brazilian Exploration and Production company Queiroz Galvão
Exploração e Produção S.A. (QGEP).
McDermott successfully performed the project management,
engineering and offshore installation of all subsea hardware,
including flexible pipes, umbilicals, umbilical termination
assemblies, and associated equipment for the subsea umbilicals,
risers and flowlines (SURF) project. McDermott also provided the
flexible and umbilicals load out, logistics base and associated
services. This additional scope was added to McDermott’s initial
award.
The Atlanta EPS project is the first engineering, procurement,
construction and installation (EPCI) lump sum project by the
McDermott team in Brazil. “Our outstanding performance on this
project demonstrates a strong track record in the region and
positions our company for future opportunities. We look forward to
the opportunity to perform additional scope of work for the future
phases of the Atlanta field for QGEP,” said Paulo Veronesi,
McDermott Brazil Country Manager.
McDermott’s load out base was located at Porto do Açu,
approximately 155 miles (250 kilometers) north of Rio de Janeiro.
The McDermott Atlanta project team developed the appropriate base
lay-out and facilities, which was fully equipped with the required
loading equipment and offices.
“McDermott built a strong partnership with QGEP during the
project working closely with our team to ensure the safety of
operation and the quality expected for the scope. We are pleased
with the results achieved together,” said Danilo Oliveira, QGEP
Production Director.
McDermott used two vessels to execute the offshore scope.
McDermott’s North Ocean 102 performed the umbilical installation
scope while the Skandi Niteroi, a third party vessel, performed the
flexible installation.
“The load out of the flexibles and umbilicals was completed
successfully in accordance with the original plan based on the
planned schedule,” said Francisco Quaresma, McDermott’s Project
Manager for the Atlanta EPS project. “Although a challenging
project, we overcame every obstacle to deliver the work
successfully and safely. Because of our strong performance, QGEP
awarded us additional scope for the load out and logistics support,
which was a clear demonstration of QGEP´s confidence in our ability
to deliver the work as planned.”
Project DetailsThe production system of Atlanta
field is located at the Santos Basin in Block BS-4 in a water depth
of approximately 5,085 feet (1,550 meters). The EPS consists of a
dedicated floating production storage and offloading (FPSO) vessel
with a single point mooring (SPM) turret that connects to three
wells (2HP and 3H already drilled and 4HA to be drilled late 2018
or early 2019) and is equipped with horizontal Wet Christmas Trees
(WCT) with individual vertical flowline connections.
Production from the EPS is estimated to reach 20,000 barrels a
day with the commissioning of the first two wells and is expected
to increase to 30,000 barrels a day with the commissioning of the
third well. Scheduled to start in 2021, the definitive production
phase will integrate a larger FPSO with a processing capacity of
80,000 barrels a day and development of up to nine additional
horizontal wells. It will also increase the field’s production
capacity to 75,000 barrels a day.
QGEP holds a 30 percent interest and is the operator of Block
BS-4 and is the only Brazilian operator in the Santos basin
pre-salt exclusion zone. Other Atlanta partners include Dommo
Energia (40%) and Barra Energia (30%).
About McDermott
McDermott is a leading provider of integrated engineering,
procurement, construction and installation (EPCI), front-end
engineering and design (FEED) and module fabrication services for
upstream field developments worldwide. McDermott delivers fixed and
floating production facilities, pipelines, installations 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 approximately 20
countries across the world, our locally focused and globally
integrated resources include approximately 11,800 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 shares of its common stock are 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, visit our website at www.mcdermott.com.
McDermott International, Inc. Investor RelationsTy
Lawrence Vice President, Treasurer and Investor Relations +1
281.870.5147 tplawrence@mcdermott.com Global Media
RelationsEdmund MemiManager, Communications+1
281.870.5943ememi@mcdermott.com
A photo accompanying this announcement is available at
http://resource.globenewswire.com/Resource/Download/dace019f-090f-49b8-b30a-929a49d9d7c7
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