HOUSTON, Dec. 2, 2019 /PRNewswire/ -- McDermott
International, Inc. (NYSE: MDR) and its joint venture partner,
Chiyoda International Corporation, a U.S.-based wholly-owned
subsidiary of Chiyoda Corporation, Japan, today announced that Train 2 of the
Cameron project, located in Hackberry,
La., has reached the final commissioning stage. This
includes the introduction of pipeline feed gas into Train 2 of the
liquefaction export facility, the precursor for the production of
liquefied natural gas (LNG). This achievement is yet another
significant milestone during 2019 and the first for Train 2.
McDermott announced introduction of feed gas to Train 1 on
April 15, 2019, which was followed by
first liquid on May 14 and first
cargo from Train 1 on May 31. On
August 19, Cameron LNG announced that
Train 1 began commercial operation, following its substantial
completion.
"Congratulations to the entire Cameron LNG project team who
continues to make strides on this project and remains focused on
providing stellar project delivery as we reach another notable
milestone," said Mark Coscio,
McDermott's Senior Vice President for North, Central and
South America.
McDermott and Chiyoda have provided the engineering, procurement
and construction for the Cameron LNG project since the project's
initial award in 2014. The project includes three liquefaction
trains with a projected export of 12 million tonnes per annum of
LNG, or approximately 1.7 billion cubic feet per day.
Cameron LNG is jointly owned by affiliates of Sempra LNG LLC,
Total, Mitsui & Co. Ltd. and Japan LNG Investment, LLC, a
company jointly owned by Mitsubishi Corporation and Nippon Yusen
Kabushiki Kaisha (NYK).
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. 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 the expected scope and timing of the
Cameron LNG 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 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
Senior Vice President, Communications, Marketing and
Administration
+1 281 870
5269
Gentry.Brann@McDermott.com
Local Area Media Relations:
Kristi Krupala
Manager, North, Central and South
America (NCSA) Area Communications & Marketing
+1 281 870 5447
Kkrupala2@mcdermott.com
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SOURCE McDermott International, Inc.