McDermott wins EPCI deal for work on Qatargas’ North Field
McDermott International has been awarded a “large” contract by Qatargas for engineering, procurement, construction and installation (EPCI) for the expansion of the North Field offshore facilities in Qatar.
McDermott said on Friday that the contract for new facilities included the full suite of EPCI services for eight new offshore jackets.
The company added that the company regards a large contract to be between $50 million and $250 million.
According to McDermott, Derrick Barge 50 and Derrick Barge 27 vessels from the company’s fleet are scheduled to undertake the installation and completions work.
The work is expected to begin immediately and will be booked into McDermott’s second quarter 2019 backlog.
The North Field lies off the north-east shore of the Qatar peninsula and covers an area of more than 6,000 square kilometers, equivalent to about half the land area of Qatar, with recoverable reserves of more than 900 trillion standard cubic feet (tscf).
The gas produced from this giant field is processed to produce LNG, GTL, NGL, and other gas-related industries, in addition to pipeline gas for export.