McDermott Awarded EPCI Contract from Saudi Aramco
Tuesday 26 February 2019
McDermott International, Inc announced today a large* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia.
The contract includes the full suite of EPCI services for the upgrade of two existing platforms related to the installation of associated equipment for electrical submersible pumps (ESPs) and space for a future high integrity pressure protection system (HIPPS), subsea composite cable lay and topside cable tie-ins.
"This award is testament to Saudi Aramco's confidence in McDermott's ability to execute this complex type of project," said Linh Austin, McDermott's Senior Vice President, Middle East and North Africa. "We have a long track record of executing similar scopes of work and believe that by working closely with our clients we can offer industry leading solutions which are suited to this evolving market segment."
The project is scheduled to be fully executed from McDermott's Al Khobar office and Dammam fabrication facility, in line with its strategic focus to strengthen In-Kingdom content.
Work on the project will begin immediately and the contract award will be reflected in McDermott's first quarter 2019 backlog.
* - McDermott defines a large contract as between USD $50 million and USD $250 million.