McDermott Lands Fabrication Gig in GOM

- McDermott Lands Fabrication Gig in GOM

Thursday, August 04, 2011
McDermott International Inc.

McDermott announced that one of its subsidiaries has been awarded a fabrication contract by Shell Offshore Inc., for the West Delta 143 "C" deck, jacket, piles, and bridge located in 370 feet of water in the Gulf of Mexico. The contract will be included in McDermott's third quarter 2011 bookings.

"We are pleased to be able to offer a competitive solution for the development of the West Delta platform," said Stephen M. Johnson, McDermott's Chairman, President and Chief Executive Officer. "Shell's recognition of McDermott as a "Green Light" contractor for HSES performance, as well as their familiarity with our project management, ability to accelerate schedules and knowledge of our performance quality is where we added value with this contract."

McDermott's engineering group based in New Orleans will perform detailed construction engineering and load-out analysis for the 10,120-tons of structures. McDermott's Morgan City fabrication facility in Louisiana will perform all construction engineering, procurement, fabrication and onshore mechanical completion of the deck. McDermott will also assist in the commissioning of the platform.

First steel cut is scheduled to begin later this year, with expected sail away of the deck in the first quarter of 2013.

The WD 143 "C" fabrication is part of the Mars B Development, which consists of the Olympus Tension Leg Platform, West Boreas and South Deimos subsea development and the West Delta 143 "C" Jacket and Deck. The Olympus host will be located in Mississippi Canyon Block 807 in the Gulf of Mexico approximately 95 miles south of New Orleans, Louisiana, in a water depth of approximately 3,000 feet and its export pipelines will be tied back to the new WD 143 "C" platform.
More about McDermott's Morgan City Fabrication Facility and Working with Shell

McDermott's Morgan City fabrication facility covers more than 300 acres and has constructed some of the company's largest structures. It consistently delivers high-quality projects safely and on schedule, including large integrated platforms and subsea components. Located in Louisiana, the Morgan City yard has fabricated the previous Shell WD 143 "B" platform, as well as several TLP decks including Auger, Mars, Ram-Powell, Ursa, and Brutus.

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McDermott Awarded Subsea Contract for Macedon Proj.

- McDermott Awarded Subsea Contract for Macedon Proj.

Wednesday, July 06, 2011
McDermott International Inc.

McDermott announced the award of a significant subsea contract to its Australian subsidiary for a deepwater offshore engineering and construction project, including structural transportation and installation of subsea infrastructure. The new contract for work offshore Western Australia is included in the company's second quarter 2011 backlog.

"We are extremely pleased to win this significant subsea award in the Asia Pacific segment as it reinforces McDermott's strengthening position in subsea construction projects," said Stephen M. Johnson, McDermott's Chairman, President and Chief Executive Officer. "We are also gratified by our customer's confidence in providing McDermott with the opportunity to demonstrate our growing expertise in reliably delivering complex deepwater projects within a challenging time frame."

The award is for the Macedon Gas Project, situated in the Pilbara region of Western Australia, which will be McDermott's first SURF (Subsea, Umbilicals, Risers and Flowlines) project in Australia. McDermott will carry out detailed engineering, procurement, fabrication, transportation and installation of a 77 kilometer, 20-inch diameter pipeline and will install subsea umbilicals and flexible flowlines using vessels from the company's globally diverse fleet in water depths up to 180 meters.

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McDermott Names New Chief Operating Officer

- McDermott Names New Chief Operating Officer

Thursday, June 30, 2011
McDermott International

McDermott International, Inc. announced today that John T. ("Jack") McCormack has been appointed Executive Vice President, Chief Operating Officer of McDermott International, Inc. effective June 30, 2011.

"Jack has been instrumental in leading our Asia Pacific and Middle East operations to exceptional performance," said Stephen M. Johnson, McDermott's Chairman, President and Chief Executive Officer. "Jack has been with McDermott since 2003 and has extensive experience in the capture and execution of major engineering and construction projects. His performance and background make him uniquely qualified for this position."

McCormack will succeed McDermott's current Chief Operating Officer John T. Nesser who previously indicated his intention to retire from McDermott in 2011.

"John Nesser's service to McDermott's employees, customers and shareholders has been nothing less than extraordinary. In John's nearly 13 years of service he has led both the Legal & Administrative functions as well as served as our Chief Operating Officer. He has created significant value for shareholders in each. I know of few executives in our industry that have the business knowledge, intellectual capability and personal integrity that John possesses. I wish John every success in his retirement," said Johnson.

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McDermott Secures EPCI Contract Offshore Trinidad

- McDermott Secures EPCI Contract Offshore Trinidad

Monday, June 06, 2011
McDermott International Inc.

McDermott's subsidiary has been awarded full engineering, procurement, construction and installation (EPCI) of a 750-ton compressor module for BG Trinidad & Tobago's Hibiscus field development offshore Trinidad. The contract is valued at more than US $50 million and will be included in McDermott's second-quarter 2011 bookings.

"We are pleased to be working for the BG Group again to deliver this full scope compressor module for the Hibiscus gas field, which will enable BG to increase gas supply to its Atlantic LNG trains," said Stephen M. Johnson, McDermott's Chairman, President and Chief Executive Officer. "Where we add value to this field development is by providing the full range of engineering and construction services and managing the project interfaces in house."

Detailed engineering design of the compression module will be carried out by McDermott's Houston-based engineering office along with procurement for the module equipment and some specialty items. McDermott's Morgan City fabrication facility will handle procurement of bulk items and construct the module on site in Louisiana.

Engineering commenced in the first quarter of 2011 and fabrication is due to begin by the first quarter of 2012 - with loadout and transportation scheduled for the first quarter of 2013.

McDermott's heavy lift vessel DB50 will set the compressor module at the installation site on the existing Hibiscus platform, in a water depth of 500 feet, before performing the compressor module tie-in, hook-up and commissioning on site. The field lies 28 miles off the north coast of Trinidad.

The Hibiscus field is part of BG T&T's North Coast Marine Area development to supply gas to trains 2, 3, and 4 of Atlantic LNG in Point Fortin, South Trinidad.

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McDermott Scores Pipeline Installation Proj. in GOM

- McDermott Scores Pipeline Installation Proj. in GOM

Tuesday, May 31, 2011
McDermott International Inc.

McDermott's subsidiaries was awarded a contract by PEMEX Exploración y Producción for procurement, construction and installation of three oil and gas pipelines ranging from 8 to 20 inches in diameter, in Mexico's Bay of Campeche. The contract is valued at more than US $50 million and will be included in McDermott's second quarter backlog for 2011.

"We are pleased to be working again for PEMEX in the Gulf of Mexico. Our installation solution for this project will be supported by our subsea engineering design group in Houston and fabrication work from our construction yard in Altamira, Mexico," said Stephen M. Johnson, McDermott's Chairman, President and Chief Executive Officer.

Pipeline installation engineering is expected to begin in the second quarter of 2011, with subsequent fabrication of the risers, clamps and guards, subsea tie-in assembly and additional platform piping and structural items from Altamira. McDermott's DB16 will perform the installation work, with completion expected by the end of the year.

DB16 is outfitted with a customized Automatic Welding System that offers high weld production rates and production flexibility. The vessel and its crew are recognized for producing repeatable high-quality welds with exceptional mechanical properties. Also impressive is the vessel's underwater block, capable of lifting large amounts of tonnage into deepwater.

The field development in the Gulf of Mexico sits in approximately 170 feet of water. The pipelines will run from the Kambesah Wells Recoverer Structure to the Kutz TA platform and the Ixtoc-A platform.

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McDermott Board Appoints Johnson Chairman

McDermott Board Appoints Johnson Chairman

Monday, May 09, 2011
McDermott International, Inc.

McDermott International, Inc. announced Monday the results of its 2011 Annual Meeting of Stockholders, held Friday afternoon, May 6, 2011 in Panama City, Panama.

Based on the voting results from the meeting, shareholders re-elected Messrs. John F. Bookout, III, Roger A. Brown, Stephen G. Hanks, D. Bradley McWilliams, Thomas C. Schievelbein and David A. Trice, and elected Stephen M. Johnson and Mary L. Shafer-Malicki to our Board of Directors, all for one-year terms. In addition, shareholders approved the advisory vote on executive compensation, voted on an advisory basis for the Company to hold the advisory vote on the frequency of executive compensation annually, approved the Company's Executive Incentive Compensation Plan for tax deductibility reasons and ratified the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the year ending December 31, 2011.

As previously disclosed and pursuant to the Company's By-Law requirements, Ronald C. Cambre retired from McDermott's Board of Directors after 11 years of service to the Company, including the last three years as non-executive Chairman. His retirement was effective coincident with the adjournment of the Board of Directors meeting held in connection with the Annual Meeting. Additionally, McDermott announced that the Board of Directors has appointed Stephen M. Johnson as Chairman of the Board and D. Bradley McWilliams as Lead Director of the Board effective coincident with the adjournment of the Board of Directors meeting held in connection with the Annual Meeting.

"On behalf of the Board of Directors, our shareholders and the management team, I want to express our deep gratitude to Ron for his dedicated service to McDermott," said Stephen M. Johnson, McDermott's Chairman of the Board of Directors, President and Chief Executive Officer. "As Chairman, Ron has served the McDermott shareholders in an exemplary fashion and he has selflessly served as a skilled mentor for me. Additionally, I am honored and humbled from the confidence the Board has placed in me as Chairman and I look forward to working closely with the Board and with Brad McWilliams as Lead Director as we prepare McDermott for our next phase of growth."

McDermott is a leading engineering, procurement, construction and installation ("EPCI") company focused on executing complex offshore oil and gas projects worldwide. Providing fully integrated EPCI services for upstream field developments, the Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning. McDermott's customers include national and major energy companies. Operating in approximately 20 countries across the Atlantic, Middle East and Asia Pacific, the Company's integrated resources include more than 15,000 employees and a diversified fleet of marine vessels, fabrication facilities and engineering offices. McDermott has served the energy industry since 1923.

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McDermott Lands Fabrication, Installation Work for Jack/St. Malo

McDermott Lands Fabrication, Installation Work for Jack/St. Malo

Monday, April 25, 2011
McDermott International Inc.
by SubseaIQ

McDermott announced that one of its subsidiary companies was awarded fabrication and installation work from Chevron U.S.A. to support the development of the Jack/St. Malo fields in the Gulf of Mexico. The project will be included in McDermott's first quarter 2011 bookings.

Work will begin in 2013, with the start of fabrication of 21 rigid jumpers at McDermott's Morgan City fabrication facility in Louisiana. Offshore installation will begin in early 2014 using McDermott's subsea construction vessel North Ocean 102 ("NO102") and the DB16.

"We are pleased to be able to support Chevron's deepwater developments in the Gulf of Mexico and believe that our combined solution of NO102's high payload and top tension capacity coupled with our ability to fabricate the high spec jumpers in house provides a unique benefit for this project's delivery," said Stephen M. Johnson, President and Chief Executive Officer of McDermott.

The NO102 and its crew will transport and install more than 60 miles of umbilicals, including three control and two power umbilicals. The jumpers and remaining subsea controls system components, including more than 80 flying leads, will be installed by the DB16.

Located in up to 7,150 feet of water in the US Gulf of Mexico Walker Ridge lease blocks, the Jack South and St. Malo North and South subsea drill centers tie back to the Jack and St. Malo floating production platform.
More about North Ocean 102

The 427-foot NO102 enables McDermott to offer versatile installation capabilities in the flexible pipe and product market worldwide. The vessel has two cranes and a moon pool to support deepwater subsea construction work and has a fast transit speed. It is currently equipped with a 7,000-ton capacity cable and umbilical and flexible pipe carousel with horizontal lay system. Plans are underway to upgrade the vessel's capability by installing a high-capacity flexible-lay system for ultra deepwater installation work. The upgrade will include installation of a new 250-ton crane.

North Ocean 105 (NO105), the sister ship to NO102, is currently under construction at a Spanish shipyard. The 427-foot vessel will be outfitted with a high capacity rigid-reeled pipe-lay system with top-tier payload capacity. The system will also accommodate installation of flexible products including submarine cables and umbilicals and flexible pipelines. The anticipated delivery date of the NO105 is 2012.