McDermott awarded subsea pipeline contract worth US$ 50 million

McDermott International, Inc. announced today that one of its subsidiaries was awarded a contract by PEMEX Exploración y Producción for procurement, construction and installation of three oil and gas pipelines ranging from 8 to 20 in. in diameter, in Mexico’s Bay of Campeche. The contract is valued at more than US$ 50 million.

“We are pleased to be working again for PEMEX in the Gulf of Mexico. Our installation solution for this project will be supported by our subsea engineering design group in Houston and fabrication work from our construction yard in Altamira, Mexico,” said Stephen M. Johnson, McDermott’s Chairman, President and Chief Executive Officer.

Pipeline installation engineering is expected to begin in the second quarter of 2011, with subsequent fabrication of the risers, clamps and guards, subsea tie-in assembly and additional platform piping and structural items from Altamira. McDermott’s DB16 will perform the installation work, with completion expected by the end of the year.

DB16 is a dynamically positioned, shallow and deepwater combination barge with the flexibility of installing structures or S-Laying pipe up to 48-inch in diameter. It also has an underwater block enabling it to manoeuvre heavy structures.

The field development in the Gulf of Mexico sits in approximately 170 ft of water. The pipelines will run from the Kambesah Wells Recoverer Structure to the Kutz TA platform and the Ixtoc-A platform.

Read the article online at: https://www.worldpipelines.com/business-news/01062011/mcdermott-awarded-subsea-pipeline-contract-worth-us$-50-million/