McDermott International Inc. received three separate engineering, procurement, construction, and installation (EPCI) projects in multiple Arabian Gulf fields, the company said May 5.
The EPCI contracts were given by a major national oil company; McDermott also received an additional scope on an existing contract that is also in the Arabian Gulf.
Combined, these projects’ total scope includes EPCI for jackets and topsides, subsea pipelines and subsea cables.
Work on the projects is expected to be executed through the fourth quarter of 2017.
McDermott’s specialist teams in Dubai, United Arab Emirates, and Chennai, India, will handle the engineering. McDermott’s specialist teams, based in Dubai, will handle procurement, and the company’s Dubai-based fabrication facilities will handle structure fabrication. Marine installation will be done by McDermott’s specialist fleet of shallow-water vessels. Work under the contracts is expected to run through fourth-quarter 2017.
Revenue from the contract awards will be included in McDermott’s second-quarter 2016 backlog.
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