J. Ray McDermott Awarded Contract Offshore Qatar

McDermott International, Inc. ("McDermott") has announced that a subsidiary of J. Ray McDermott, S.A. ("J. Ray"), was recently awarded a contract by ExxonMobil Middle East Gas Marketing Ltd. to provide engineering, procurement, construction and installation ("EPCI") services for two wellhead platforms and pipelines, as part of the Al Khaleej Gas ("AKG") Development Phase 2 Offshore Expansion Project. Contracts of this type are typically valued at over US$300 million.

The overall project requires J. Ray to provide EPCI services for two remote unmanned wellhead platforms, WH10 and WH11. The jackets were previously awarded to J. Ray as part of the Al Khaleej Gas Development Phase 1 Offshore Expansion Project. Under the new AKG Phase 2 project, J. Ray will also perform EPCI of two intra-field pipelines that will connect the platforms with two 38" wet-gas export trunk-lines.

WH10 and WH11 will be connected to the existing RasGas Alpha Complex, by two separate composite power and fiber optic subsea communications cables.

Engineering will be carried out at J. Ray's engineering offices in Jebel Ali. Construction will begin by May 2007 at J. Ray's Jebel Ali yard, with installation of WH10 and WH11 scheduled for completion during 2009.

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Posted 25/07/06

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