McDermott International Inc. (NYSE: MDR) has been awarded a contract by Anadarko Petroleum Corp. (NYSE: APC) on May 9 for subsea umbilical and flowline installation in support of a tieback to Anadarko-operated Lucius field located 275 miles (442 km) southeast of Galveston, Texas, in the U.S. Gulf of Mexico.
McDermott will provide engineering, fabrication, installation and pre-commissioning of subsea infield flowlines, production umbilicals and related subsea equipment.
“We appreciate Anadarko’s confidence in our experience and ability to deliver this project on schedule with the highest quality in the Gulf of Mexico,” Scott Munro, McDermott’s vice president for the Americas, Europe and Africa, said.
The Lucius Subsequent Development is a subsea tieback to the Anadarko-operated Lucius spar, located in Keathley Canyon 875 block. The new development is in approximately 7,400 ft (2,255 m) of water at Keathley Canyon 919 block.
McDermott’s operating center in Houston, Texas, will perform project management and engineering. The flowlines will be fabricated at McDermott’s spoolbase facility in Gulfport, Mississippi.
The contract award will be reflected in McDermott’s second-quarter 2018 backlog.
Recommended Reading
BP’s Kate Thomson Promoted to CFO, Joins Board
2024-02-05 - Before becoming BP’s interim CFO in September 2023, Kate Thomson served as senior vice president of finance for production and operations.
Magnolia Oil & Gas Hikes Quarterly Cash Dividend by 13%
2024-02-05 - Magnolia’s dividend will rise 13% to $0.13 per share, the company said.
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
HighPeak Energy Authorizes First Share Buyback Since Founding
2024-02-06 - Along with a $75 million share repurchase program, Midland Basin operator HighPeak Energy’s board also increased its quarterly dividend.
Occidental Increases Annual Dividend by 22%
2024-02-11 - Occidental Petroleum Corp.’s newly declared dividend is at an annual rate of $0.88 per share, compared to the previous annual rate of $0.72 per share.