HOUSTON, Dec. 18, 2019 /PRNewswire/ -- McDermott
International, Inc. (NYSE: MDR) along with its partners, Chiyoda
International Corporation and Zachry Group, announced today that
the first commissioning cargo of liquefied natural gas (LNG) has
been shipped from Train 2 of the Freeport LNG project on
Quintana Island in Freeport, Texas. Production of LNG from Train
2 was announced on Dec. 6 and today's
announcement of first cargo is a precursor to substantial
completion of Train 2.
"The ongoing momentum of this project has accelerated us past
multiple accomplishments, including Train 1's introduction of feed
gas, first liquid and first cargo. And, we are well on our way
toward commercial operation for Train 2," said Mark Coscio, McDermott's Senior Vice President
for North, Central and South
America. "I commend the project team for delivering these
results and getting us closer to substantial completion."
Zachry Group, as the joint venture lead, partnered with
McDermott for the Pre-FEED in 2011, followed by FEED works to
support the early development stage of the project as a one-stop
shop solution provider for Trains 1 and 2. Later Chiyoda joined the
joint venture partnership for work related to Train 3. The project
scope includes three pre-treatment trains, a liquefaction facility
with three trains, a second loading berth and a 165,000 m3 full
containment LNG storage tank.
Freeport LNG Trains 2 and 3 remain on schedule with Train 3
initial production of LNG scheduled for Q1 of 2020.
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.
About Zachry Group
Zachry Group is North America's pacesetter in turnkey
construction, engineering, maintenance, turnaround and fabrication
services to the power, energy, chemicals, manufacturing and
industrial sectors.
We work with customers to plan, build and renew their most
critical facilities, so they can achieve their immediate and
long-term goals, all at the highest safety standards. We operate in
more than 30 offices, and our 20,000 employees work in more than
400 locations nationwide, united by a shared set of values and the
desire to deliver the very best outcome for our customers.
Visit www.zachrygroup.com for more information.
About Chiyoda
Chiyoda Corporation, headquartered in
Yokohama, Japan provides services
in the fields of engineering, procurement and construction on a
global basis for petroleum refineries, petrochemical complexes,
other hydrocarbon or industrial plants, particularly LNG plants in
the USA, South East Asia, the Oceania regions, the
Middle East and Russia.
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 timing and scope on the Freeport 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.