1. Ayatsil-A jacket loaded onboard the Intermac 600 transportation and launch barge,
ready for installation. (Photo: Business Wire)
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News Release
McDermott Awarded Bay of Campeche Ayatsil-A Installation Contract for PEMEX
HOUSTON--(BUSINESS WIRE)--Jan. 5, 2015-- McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that it has been awarded a contract to
install the offshore jacket, deck and piles for the Ayatsil-A drilling platform for PEMEX Exploracion y Produccion (“PEMEX”) in the Bay of Campeche Ayatsil field.
The value of the award is included in McDermott’s fourth quarter backlog.
“The Ayatsil-A installation award from PEMEX is a direct result of the substantial local
capabilities and operations of McDermott in Mexico, and our demonstrated track record
of safe and reliable platform installations for PEMEX in the Bay of Campeche,” said
Dominic Savarino, Vice President and General Manager, Americas. “Our unique ability
to mobilize our versatile marine resources including the heavy-lift vessel, Derrick Barge
50, capable of lifting surface loads up to 4,400 tons, and the Intermac 600
transportation and launch barge was a critical component of the successful award for
this fast-track installation project.”
The Intermac 600 will launch the 8,400-ton jacket and the heavy-lift Derrick Barge 50
will complete the installation of the jacket, a 3,400-ton deck and other platform
components in waters 400 feet deep. The total weight of the facility is approximately
15,800 tons.
The Ayatsil field is the largest discovery for PEMEX to date and is expected to boost
production for the country by 150,000 barrels of oil per day. This contract award
follows the successful delivery of the Ayatsil-B eight-leg jacket and deck by McDermott
in July of 2014.
ABOUT McDERMOTT
McDermott is a leading provider of integrated engineering, procurement, construction
and installation (EPCI) services for upstream field developments worldwide. The
Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for complex Offshore and Subsea oil and
gas projects to help oil companies safely produce and transport hydrocarbons. Our clients include national and major energy companies. Operating in more than
20 countries across the world, our locally focused and globally integrated resources include approximately 14,000 employees, a diversified fleet of specialty
marine construction vessels, fabrication facilities and engineering offices. We are renowned for our extensive knowledge and experience, technological
advancements, performance records, superior safety and commitment to deliver. McDermott has served the energy industry since 1923 and is listed on the New
York Stock Exchange. As used in this press release, McDermott includes McDermott International, Inc. and its subsidiaries and affiliates.
To learn more, please visit our website at www.mcdermott.com
FORWARD LOOKING STATEMENTS
In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, McDermott International, Inc. cautions that statements in
this press release, which are forward looking and provide other than historical information involve risks, contingencies and uncertainties that may impact
McDermott's actual results of operations. The forward-looking statements in this press release include, among other things, the expected scope, timing and
execution associated with this project. Although McDermott's management believes that the expectations reflected in those forward-looking statements are
reasonable, McDermott can give no assurance that those expectations will prove to have been correct. Those statements are made based on various underlying
assumptions and are subject to numerous risks, contingencies and uncertainties, including without limitation, changes in project design or schedules, contract
cancellations, change orders and other modifications, and difficulties executing on the project. If one or more of these risks materialize or if underlying
assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. For a
more complete discussion of these and other risk factors, please see McDermott's annual and quarterly filings with the Securities and Exchange Commission,
including its annual report on Form 10-K for the year ended December 31, 2013 and subsequent quarterly reports on Form 10-Q. This news release reflects
management’s views as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-
looking statement.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150105005313/en/
Source: McDermott International, Inc.
McDermott International, Inc.
Investors & Financial Media
Steve Oldham, +1 281-870-5147
soldham@mcdermott.com
or
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