- McDermott has been awarded a transportation and installation subcontract by PTSC Offshore Service Joint Stock Company for the Sao Vang and Dai Nguyet gas and condensate field developments in Vietnam
- Installation work scheduled to be carried out from 2019 to 2021
- McDermott’s experience in installing large central processing platforms and topside float-overs in Vietnam led to the award of this contract
McDermott International, Inc. (NYSE: MDR) announced today it has been awarded a sizeable* transportation and installation subcontract by PetroVietnam Technical Services Corporation (PTSC) Offshore Service Joint Stock Company for the Idemitsu Kosan Co., Ltd. (IKC) Sao Vang and Dai Nguyet gas and condensate field developments in the Nam Con Son Basin, located offshore Vietnam.
The scope-of-work is expected to cover transportation and installation services for the central processing platform jacket, topside float-over, wellhead platform, flexible pipelines, subsea power cables and auxiliary services. Installation will be carried out at water depths of between 110 meters (360 feet) and 130 meters (430 feet).
McDermott plans to use resources from Kuala Lumpur, Dubai and Houston for project management and engineering. The work will be performed from 2019 to 2021.
“McDermott has a strong track record in executing offshore projects in Vietnam and in delivering solutions for PTSC,” said McDermott Senior Vice President for Asia Pacific, Ian Prescott. “In the last two decades, we have provided engineering, procurement, construction and installation work for large, central processing platforms to pipeline installations in the region. This award enhances our position as a leading integrated oil and gas service provider in the region and reinforces that our experience and local knowledge will ensure project certainty with quality results.”
The contract award will be reflected in McDermott’s second quarter 2018 backlog.
* – McDermott defines a sizable contract as between USD $1 million and USD $50 million.
About McDermott
McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions—from the wellhead to the storage tank—to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. It is called the “One McDermott Way.” Operating in over 54 countries, McDermott’s locally focused and globally-integrated resources include approximately 40,000 employees and engineers, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.