Aramco, McDermott sign offshore EPCI contractby Yasmin Helal on Jan 5, 2017
McDermott International, Inc announced this week a contract award from Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of four jackets and three gas observation platforms offshore Saudi Arabia.
The total weight of all structures combined is 11,595 tons.
“As the third fast-track jacket contract from Saudi Aramco in the last 18 months, this award is a testament to McDermott’s successful performance on previous fast-track projects for Saudi Aramco,” said Linh Austin, McDermott’s vice president, Middle East & Caspian. “McDermott’s fully-integrated EPCI solution provides Saudi Aramco schedule certainty, one of their key drivers, while helping them meet their aggressive schedule.”
In 2015, McDermott was awarded a project by Saudi Aramco for the EPCI of twelve jackets; a project successfully completed in 2016. Currently, the company is executing EPCI work for Saudi Aramco on nine jackets offshore Saudi Arabia, which are expected to be delivered in the third quarter of 2017.
The contract award will be reflected in McDermott’s fourth quarter 2016 backlog. Work on the contract is expected to be executed through the fourth quarter of 2017.
McDermott plans to use its Engineering teams in Dubai, Chennai, India and Al Khobar, with construction taking place at McDermott’s fabrication facilities in Dubai and Dammam. Vessels from McDermott’s global fleet are scheduled to perform the installation work.