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J. Ray McDermott, S.A. ("J. Ray"), a
subsidiary of McDermott International Inc. (NYSE: MDR) ("McDermott"),
announced today that it has been awarded a contract by Seneca Resources
Corporation for the design engineering, procurement, structural fabrication,
process outfitting and loadout of a three-pile jacket and deck. The contract is
expected to be completed by May 2006
Components of the turnkey proposal include the jacket,
deck with process facilities, piles and heliport. Pinnacle Engineering will
provide the detail design and equipment procurement as the principle
subcontractor working with J. Ray on the turnkey contract. The completed facility will be installed in
approximately 124 feet of water in Viosca Knoll Block 432.
"We expect this award to demonstrate to the market the
cost competitiveness of J Ray's Morgan City facility for shelf work and our
flexibility in bringing the right team members to the table to offer our
customers a winning solution," said Steve Becnel, J Ray's General Manager of
Fabrication Operations.
J. Ray's Morgan City Fabrication facility was
established in 1956 and for over five decades has been the construction site
for some of the offshore industry's most significant projects. Continuous
improvements and investments in infrastructure, along with a highly skilled and
dedicated workforce, have enabled the facility to competitively and safely produce
quality structures for the offshore oil and gas industry.
J. Ray McDermott, S.A, is a leading provider of
solutions for offshore field development worldwide. McDermott International
Inc. is a leading worldwide energy services company. McDermott's subsidiaries
provide engineering, fabrication, installation, procurement, research,
manufacturing, environmental systems, project management and facilities
management services to a variety of customers in the power and energy
industries, including the U.S. Department of Energy.
For more information, please contact:
Louise Denly
Director, Public Relations
J. Ray McDermott, Inc.
Houston, TX
(281) 870-5000
E-Mail:ldenly@mcdermott.com
www.mcdermott.com
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