McDermott lands subsea tieback work from Hess
- Business & Finance
McDermott International has been awarded a contract from Hess Corporation for subsea tieback work for its deepwater Penn State Deep (PSD) field in the Gulf of Mexico.
The PSD field is located in the Garden Banks 216 block in approximately 1,500 feet of water. Discovered in 1996, the PSD field began production in 1999.
McDermott said on Wednesday that the lump sum contract will be reflected in its first quarter 2017 backlog.
“This marks our first project with Hess Corporation in recent history and we look forward to providing industry best operational excellence, quality and safety,” said Scott Munro, McDermott’s Vice President for Americas, Europe and Africa.
“Once again, we have demonstrated that we can provide the best total solution for our clients. We look forward to a long and mutually beneficial relationship with Hess.”