McDermott awarded Saudi Aramco EPCI contract

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McDermott awarded Saudi Aramco EPCI contract

McDermott International, Inc. announced 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.

* – McDermott defines a large contract as between USD $50 million and USD $250 million.

About McDermott
McDermott is a leading provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide. The Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for complex offshore and subsea oil and gas projects to help oil companies safely produce and transport hydrocarbons.

Our customers include national and major energy companies. Operating in approximately 20 countries across the world, our locally focused and globally integrated resources include approximately 12,000 employees, a diversified fleet of specialty marine construction vessels, fabrication facilities and engineering offices. We are renowned for our extensive knowledge and experience, technological advancements, performance records, superior safety and commitment to deliver. McDermott has served the energy industry since 1923.

Source: www.mcdermott.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.