Mcdermott Awarded Sizeable Offshore Engineering Contract by Qatar Petroleum

Source Press Release
Company McDermott International, Inc.Qatar Petroleum 
Tags Service Contracts, Strategy - Corporate
Date July 11, 2019

- McDermott awarded an offshore FEED contract for the North Field Expansion Project
- Award includes submission of an EPCI proposal
- Award booked into McDermott's Q2 2019 backlog

McDermott International, Inc. (NYSE: MDR) announced it has been awarded a sizeable* contract by  Qatar Petroleum (QP) to carry out front-end engineering and design (FEED) work for offshore wellhead platforms, pipelines and cables associated with the North Field Expansion (NFE) project.

The scope includes the design of four offshore trunk lines with intra-field pipelines, eight wellhead platforms and power and fiber optic (PFO) subsea cable rings. The FEED contract will be executed from McDermott's Doha offices, with drafting to be executed in Chennai.

Work on the project will begin immediately, and the contract award will be reflected in McDermott's second quarter 2019 backlog.

* - McDermott defines a sizeable contract as between USD $1 million and USD $50 million.

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