McDermott Awarded Transportation and Installation Subcontract in Vietnam
Wednesday 30 May 2018
McDermott International, Inc. announced it has been awarded a sizeable (McDermott defines a sizable contract as between USD $1 million and USD $50 million) transportation and installation subcontract by PetroVietnam Technical Services Corporation (PTSC) Offshore Service Joint Stock Company for the Idemitsu Kosan Co., Ltd. (IKC) Sao Vang and Dai Nguyet gas and condensate field developments in the Nam Con Son Basin, located offshore Vietnam.
The scope-of-work is expected to cover transportation and installation services for the central processing platform jacket, topside float-over, wellhead platform, flexible pipelines, subsea power cables and auxiliary services. Installation will be carried out at water depths of between 110 meters (360 feet) and 130 meters (430 feet).
McDermott plans to use resources from Kuala Lumpur, Dubai and Houston for project management and engineering. The work will be performed from 2019 to 2021.
The contract award will be reflected in McDermott's second quarter 2018 backlog.