J. Ray McDermott wins two offshore construction projects
05-05-08 McDermott International, announced that subsidiaries of J. Ray McDermott were recently awarded two contracts for offshore construction projects.
Both of the contracts will be included in McDermott's second quarter 2008 backlog, and have a combined value in excess of $ 500 mm.
The first award, from LUKoil-Nizhnevolzhskneft, a subsidiary of LUKoil Oil Company, is a contract to install offshore facilities in the Yuri Korchagin field.
J. Ray's scope of work includes the transportation and installation of the piles for the ice-resistant fixed platform LSP-1, as well as transportation and installation of Single Point Mooring substructure, piles and the topsides.
The second award, from Esso Australia Resources, is an engineering, procurement, construction and installation contract for work on the Kipper Tuna Gas Project located in the Bass Strait, Victoria, Australia.
"This is a very significant contract for J. Ray, as it encompasses a wide range of services and marks a return to workingwith Esso Australia," said Bob Deason, Chief Executive Officer of J. Ray.
Source: www.rigzone.com / J. Ray McDermott
