McDermott International Inc. (NYSE: MDR) was awarded a large contract, which it defines as between $50 million and $250 million, from Saudi Aramco, the Houston-based company said Jan. 24.
The contract is for the engineering, procurement, construction and installation (EPCI) of 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields, offshore Saudi Arabia. The combined total weight of the structures is about 26,455 short tons (24,000 metric tons).
McDermott has more than 50 years of experience in these fields and this is the fourth fast-track project to be awarded by Saudi Aramco in the last 24 months, according to the company press release.
Since 2001, McDermott has built and installed over 121 jackets for Saudi Aramco with a total weight of over 220,462 tons (200,000 metric tons), said Linh Austin, McDermott vice president for the Middle East and Caspian regions.
“This award is testament to Saudi Aramco’s confidence in McDermott’s ability to execute fast-track projects on schedule and to the highest standards of delivery,” Austin said in a statement.
The EPCI contract award will be reflected in McDermott’s first-quarter 2018 backlog and work is expected to be carried out through the second half of 2018.
McDermott said it plans to use its engineering teams in Dubai and Chennai with construction taking place at McDermott's facilities in Jebel Ali, Dubai and Dammam, Saudi Arabia. Vessels from McDermott's global fleet are scheduled to undertake the installation and completions work.