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McDermott Awarded 13 Jacket EPCI Saudi Aramco Contract

The fourth fast-track contract awarded to date in the past 24 months builds off McDermott’s successful track record in the Middle East

Saudi Aramco 13 Jacket News Release

McDermott to provide 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields offshore Saudi Arabia with a combined weight of 24,000 metric tons
Back-to-back awards from Saudi Aramco demonstrates confidence in McDermott’s experience and proven performance

Jan. 24, 2018

McDermott International, Inc. (NYSE:MDR) announced today a large* contract award from Saudi Aramco for the engineering, procurement, construction and installation of 13 jackets in the Zuluf, Marjan, Berri and Abu Safah fields, offshore Saudi Arabia.

McDermott has more than 50 years’ experience in these fields and this is the fourth fast-track project to be awarded by Saudi Aramco in the last 24 months. The combined total weight of the structures is approximately 26,455 short tons (24,000 metric tons).

“This award is testament to Saudi Aramco’s confidence in McDermott’s ability to execute fast-track projects on schedule and to the highest standards of delivery. Since 2001, McDermott has built and installed over 121 jackets for Saudi Aramco with a total weight of over 220,462 tons (200,000 metric tons). Not only is McDermott able to meet the schedules of fast-track projects, but we consistently deliver them with outstanding safety performance,” said Linh Austin, McDermott Vice President, Middle East and Caspian.

The contract award will be reflected in McDermott’s first quarter 2018 backlog and work is expected to be carried out through the second half of 2018.

McDermott plans to use its engineering teams in Dubai and Chennai with construction taking place at McDermott’s facilities in Jebel Ali, Dubai and Dammam, Saudi Arabia. Vessels from McDermott’s global fleet are scheduled to undertake the installation and completions work.

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