McDermott International Inc. (NYSE: MDR) has been awarded a sizeable transport and installation contract by an upstream oil and gas operator for a project offshore Trinidad, West Indies, the company said in a news release.
The contract award includes the transport and installation of a 1,000-ton deck and 1,600-ton jacket. It also covers the onshore fabrication, reel-lay and pre-commissioning of 14,000 feet of 14-inch pipeline that includes the pull-in of a 12-inch riser at an existing offshore platform scheduled to be completed using McDermott vessels, Derrick Barge 50 and the North Ocean 105, according to the release.
The project is expected to be complete in third-quarter 2016, the release said. The pipeline will be welded at McDermott’s new Gulfport, Mississippi, spoolbase.
Revenue from the award will be included in McDermott’s fourth-quarter 2015 backlog, the company said.
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