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Home > Press Room

PRESS RELEASE: July 30, 2009

J. Ray McDermott to Upgrade DB50 Construction Vessel for Gulf of Mexico Deepwater Market

 

 

Houston-based J. Ray McDermott (“J. Ray”), a subsidiary of McDermott International, Inc., is upgrading its primary Gulf of Mexico derrick / pipelay barge, DB50 for future deepwater projects, by adding new thrusters and increasing its electrical power supply.

The DB50 will have its entire power plant replaced with new diesel-engine generator sets totaling 19.2 megawatts, new switchboards and a state-of-the-art power management/alarm system. Also, the existing four 2.4 megawatt controlled pitch thrusters will be replaced with six new 2.4 megawatt fixed pitch / variable AC drive thrusters, which will provide 44 tons of thrust each. In addition, the freshwater and saltwater cooling system and the supply/exhaust ventilation system will be upgraded in both engine and thruster machinery spaces. The dynamic positioning control system was upgraded in 2007 with new hardware.

”This investment in DB50 will significantly increase the station-keeping capability of the vessel, allowing it to operate in more severe weather conditions and the two additional thrusters will greatly increase redundancy,” said John Nesser, J. Ray’s Executive Vice President and Chief Operating Officer. “These improvements, along with other modifications to ship’s systems over the three year upgrade program  will add tremendous value to the vessel’s capabilities, which will ultimately prove beneficial to our customers’ deepwater projects.”

DB50 is J. Ray’s Gulf of Mexico premier heavy-lift and pipelay vessel, capable of lifting loads up to 4,400 tons, and laying pipe through Reel-Lay and J-Lay up to 20 inches in diameter, in more than 9,000 feet of water.

J. Ray McDermott, S.A., a subsidiary of McDermott International, Inc., and its subsidiaries provide engineering, construction, procurement, installation and project management services to offshore oil and gas developments worldwide.

McDermott International, Inc. is an engineering and construction company, with specialty manufacturing and service capabilities, focused on energy infrastructure. McDermott’s customers are predominantly utilities and other power generators, major and national oil companies, and the United States Government.  With its global operations, McDermott operates in more than 20 countries with more than 25,000 employees.

In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, McDermott International, Inc. cautions that statements in this press release which are forward-looking and which provide other than historical information, involve risks and uncertainties that may impact McDermott’s actual results of operations.  The forward-looking statements in this press release include statements on the current and expected capabilities of the DB50 and the announced upgrade plans. Although McDermott’s management believes that the expectations reflected in those forward-looking statements are reasonable, McDermott can give no assurance that those expectations will prove to have been correct.  Those statements are made by using various underlying assumptions and are subject to numerous uncertainties and risks.  If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected.  For a more complete discussion of these risk factors, please see McDermott’s annual report on Form 10-K for the year ended December 31, 2008 and its quarterly reports on Form 10-Q.

 

For more information, please contact:

Louise Denly
Director, Corporate Communications
J. Ray McDermott,
Houston, Texas 77079
Tel: 281 870 5025
E-mail: ldenly@mcdermott.com


Visit our website: www.jraymcdermott.com