McDermott, Petrofac in Subsea Pact
- Business & Finance
McDermott and Petrofac have formed a strategic marketing alliance to pursue top-tier deepwater subsea, umbilical, riser and flowline (SURF) projects.
The five-year alliance expects to provide oil and gas companies a competitive, integrated solution across a broad range of complex engineer, procure, construct, install (EPCI) Subsea projects in deep and ultra-deepwater across the US Gulf of Mexico, Mexico, Brazil, the North Sea, Mediterranean and West Africa.
According to the company, the alliance will open up further EPCI opportunities by combining McDermott’s SURF fleet, its new Derrick Lay Vessel DLV 2000 and subsea fabrication capability with Petrofac’s JSD 6000 installation vessel. Currently under construction, the JSD 6000 complements McDermott’s vessels, offering a wide range of ultra-deepwater pipelay, subsea lowering and above surface construction work, through its combined J-lay, S-lay and ultra-heavy lift capabilities.
“The strategic value of this alliance benefits our clients by combining each company’s strengths to create a new competitive top-tier market participant,” said Scott Cummins, Senior Vice President, Commercial for McDermott. “As a leading offshore and subsea EPCI contractor, McDermott has a demonstrated track record of delivering complex, Subsea projects such as the ongoing INPEX Ichthys Gas Condensate SURF project offshore Australia. We look forward to partnering with Petrofac on projects of this complexity and scale in the deep water environment.”
Yves Inbona, Managing Director for Petrofac’s Offshore Capital Projects business, said: “We are delighted to be working with McDermott who are natural partners to progress our offshore strategy in the challenging yet ultimately rewarding SURF markets.”