McDermott Awarded EPCI Contract by Al-Khafji Joint Operations

McDermott International, Inc. (NYSE: MDR) (“McDermott”) announced that one of its subsidiaries was awarded an engineering, procurement, construction and installation (“EPCI”) project for Al-Khafji Joint Operations (“KJO”), in the Hout field in water depths up to 31 meters.

The EPCI project comprises more than 600 tonnes of structures including a tripod jacket, deck and flare tower and 42 kilometers of 24-inch subsea pipeline. McDermott will also carry out modifications to a number of existing platforms in the Hout field, through its dedicated brownfield division in Jebel Ali.

“McDermott has worked in the Al-Khafji field since the mid 1960’s and we are currently executing the Ratawi Water Injection Project for KJO,” said Stephen M. Johnson, Chairman of the Board, President and Chief Executive Officer of McDermott. “I believe our unique experience with KJO has allowed us to develop a deep understanding of the field requirements, enabling us to provide the best possible solution for this project.”

McDermott’s scope of work includes engineering, with construction from its Jebel Ali fabrication facility and installation using vessels from its global fleet, scheduled to mobilize in the third quarter of 2013.

Source: McDermott