HOUSTON, April 29, 2019 /PRNewswire/ -- McDermott
International, Inc. (NYSE:MDR) announced today it has recently
successfully completed the final offshore campaign for the
INPEX-operated Ichthys LNG Project, located offshore Western Australia.
This was the second of two remaining work packages left under
McDermott's contract, which was the largest subsea contract ever
awarded at the time. Most of the EPCI for the SURF contract awarded
in January 2012 was completed by the
end of 2017.
The final offshore campaign involved subsea tiebacks to new
drill centers and was executed by McDermott's Lay Vessel 108 (LV
108). The vessel has recorded 813,694 hours without any lost time
incidents (LTI) since its first campaign in 2015.
"The final campaign was executed in a live producing field, and
as such, we put in place additional risk and controls management
that ensured our success and met all of the customer expectations.
This has demonstrated McDermott's execution capability on a
large-scale, complex SURF EPCI scope," said Ian Prescott, McDermott's Senior Vice President
for Asia Pacific. "Our outstanding
record of accomplishment confirms our expertise and ability to
execute one of the world's largest subsea contracts to date."
McDermott recorded more than 500,000 engineering workhours from
offices across the world, including a Perth led Project Management team that was in
place from 2012 and consisted of 160 personnel at its peak in 2017;
procured over USD $600 million
in-field equipment; built 48 subsea structures weighing a total of
approximately 28,660 tons (26,000 metric tons) that included one of
the largest riser support structures in the world at the time and
used three of the company's deepwater installation vessels (DLV
2000, LV 108 and Intermac 650) and other contracted vessels to
execute the project.
McDermott has a small fabrication scope remaining to be
completed at its fabrication yard in Batam, Indonesia, which will conclude its work
packages for the Ichthys LNG Project in its entirety in 2019.
About the Ichthys LNG Project
The Ichthys LNG Project
is one of the largest and most complex resource developments in the
world. Located about 136 miles (220 kilometers) offshore
Western Australia, it lies in an
average water depth of 820 feet (250 meters). The Ichthys LNG
Project is effectively three mega-projects rolled into one,
involving some of the largest offshore facilities in the industry,
a state-of-the-art onshore processing facility and a 553 mile (890
kilometer) pipeline uniting them for an expected operational life
of 40 years.
The project involves liquefying natural gas lifted from the
Ichthys gas-condensate field offshore Western Australia at an onshore gas
liquefaction plant constructed in Darwin, Northern Territory, and
producing and shipping approximately 8.9 million tons of liquefied
natural gas (LNG) and approximately 1.65 million tons of liquefied
petroleum gas (LPG) per year, along with approximately 100,000
barrels of condensate per day at peak. Approximately 70
percent of the LNG produced by Ichthys LNG is scheduled to be
supplied to Japanese customers. Ichthys LNG will help to meet
growing energy demand in the region, while contributing to the
Australian way of life.
About McDermott
McDermott is a premier, fully integrated provider of technology,
engineering and construction solutions to the energy industry. For
more than a century, customers have trusted McDermott to design and
build end-to-end infrastructure and technology solutions to
transport and transform oil and gas into the products the world
needs today. Our proprietary technologies, integrated expertise and
comprehensive solutions deliver certainty, innovation and added
value to energy projects around the world. Customers rely on
McDermott to deliver certainty to the most complex projects, from
concept to commissioning. It is called the "One McDermott Way."
Operating in over 54 countries, McDermott's locally focused and
globally-integrated resources include approximately 32,000
employees, a diversified fleet of specialty marine construction
vessels and fabrication facilities around the world. As used in
this press release, McDermott includes McDermott International,
Inc. and its subsidiaries and affiliates. To learn more, visit
www.mcdermott.com.
Contacts:
Investor Relations
Scott
Lamb
Vice President, Investor Relations
+1 832 513 1068
Scott.Lamb@McDermott.com
Global Media Relations
Gentry Brann
Global Vice President, Communications and Marketing
+1 281 870
5269
Gentry.Brann@McDermott.com
Asia Pacific Media Contact
Miki O'Farrell
Manager, Marketing APAC
+60 12 305 3609
mofarrell@mcdermott.com
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SOURCE McDermott International, Inc.