McDermott seals EPCI deal with Aramco for twelve jackets (Saudi Arabia)
- Business & Finance
McDermott International, Inc. has been awarded a large brownfield contract by Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of twelve jackets for offshore oil and gas fields in Saudi Arabian waters.
According to McDermott, the work is scheduled for completion by the end of the first quarter of 2016 and will be included in McDermott’s second quarter 2015 backlog.
The company said that this award from Saudi Aramco represents work scope bid under an existing Long-Term Agreement. In March 2015, the client awarded McDermott a brownfield contract for a power supply system replacement.
Tom Mackie, McDermott’s Vice President, Middle East, said: “The project called for an extremely responsive bid phase and for fast-track execution. Our ability to provide schedule certainty — through the provision of integrated EPCI services combined with the right technical solution to meet the challenging time constraints — was key to winning the project.”
According to the press release, engineering and procurement is expected to be performed by McDermott’s teams in Dubai, U.A.E., and Al Khobar, Saudi Arabia. The jackets are scheduled for fabrication by McDermott’s Dubai, U.A.E.-based fabrication facility and vessels from the McDermott global fleet are scheduled to undertake the installation work.