J Ray McDermott subsidiary completes Lukoil contract

J Ray McDermott’s (J Ray) Caspian subsidiary has successfully completed installation of offshore facilities at the Yuri Korchagin field for OOO LUKOIL-Nizhnevolzhskneft (LUKOIL), a subsidiary of OAO LUKOIL Oil Company. The Yuri Korchagin field is the first of the North Caspian fields in the Russian sector of the Caspian Sea to be developed by LUKOIL.