McDermott wins contract for Bayu-Undan gas field
HOUSTON, July 7, 2021 / PRNewswire / – McDermott International, Ltd today announced that it has been awarded an underwater, engineering, procurement, construction and installation (EPCI) contract from Santos NA (19-12) Pty Ltd for the Bayu-Undan Infill Well Phase 3C project, in the Timor Sea, located about 500 kilometers off the northwest coast of Darwin, Australia, and 124 miles (200 kilometers) off the southeast coast of Timor-Leste.
“McDermott has a solid track record of carrying out complex subsea projects in Asia Pacific,” mentionned Mahesh Swaminathan, Senior Vice President of McDermott, Asia Pacific. “We will continue this tradition by demonstrating our execution expertise and safety excellence throughout this project. “
The Bayu-Undan field is one of the largest gas fields in Timor-Leste. Work on Phase 3C of the project began in May and the scope will be managed by McDermott’s office in Perth. McDermott’s scope involves connecting a single field well to existing facilities by reusing the existing flexible flow line with a new umbilical and some infrastructure.
McDermott is a leading, fully integrated provider of engineering and construction solutions for the energy industry. Our customers trust our technology-driven approach, designed to responsibly harness and transform the world’s energy resources into the products the world needs. From concept to commissioning, McDermott’s expertise and innovative capabilities are advancing the next generation of global energy infrastructure, delivering a brighter, more sustainable future for us all. Operating in more than 54 countries, McDermott’s local and globally integrated resources include more than 30,000 employees, a diverse fleet of specialized marine construction vessels, and manufacturing facilities around the world. To learn more, visit www.mcdermott.com.
McDermott cautions that statements in this communication that are forward-looking and provide information other than historical information involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about the expected scope, timing and execution of the award discussed in this press release. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot guarantee that these expectations will prove to be correct. These statements are made using various underlying assumptions and are subject to many risks, contingencies and uncertainties, including, but not limited to: adverse changes in the markets in which we operate or in the credit or capital markets; our inability to successfully execute pending contracts; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other commercial counterparties; changes in industry standards; actions of McDermott’s lenders and other creditors; and adverse results of legal or other dispute resolution proceedings. If one or more of these risks materialize, or if the underlying assumptions turn out to be inaccurate, actual results may differ materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott management as of the date hereof. Except to the extent required by applicable law, McDermott assumes no obligation to update or revise any forward-looking statement.
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SOURCE McDermott International, Ltd