McDermott International Inc. (NYSE:MDR) has been awarded a large contract by an upstream oil and gas operator for a project offshore in the Middle East, the company said in a news release.
Work will include engineering, procurement, fabrication, transportation and installation of offshore pipelines. McDermott said engineering and offshore mobilization of its in-house vessels has begun for this fast-track assignment. Project completion is expected by year-end.
The contract award will be reflected in McDermott’s first-quarter 2016 backlog, according to the release.
Recommended Reading
Equinor Receives Significant Discovery License from C-NLOPB
2024-02-02 - C-NLOPB estimates recoverable reserves from Equinor’s Cambriol discovery at 340 MMbbl.
Less Heisenberg Uncertainty with Appraisal Wells
2024-03-21 - Equinor proves Heisenberg in the North Sea holds 25 MMboe to 56 MMboe, and studies are underway for a potential fast-track tieback development.
Shell Taps TechnipFMC for 20K System for Sparta
2024-02-19 - The deepwater greenfield project in the Gulf of Mexico targets reserves in the high-pressure Paleogene reservoir.
E&P Highlights: March 4, 2024
2024-03-04 - Here’s a roundup of the latest E&P headlines, including a reserves update and new contract awards.
CNOOC Finds Light Crude at Kaiping South Field
2024-03-07 - The deepwater Kaiping South Field in the South China Sea holds at least 100 MMtons of oil equivalent.