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J. Ray McDermott, S.A. (“J. Ray”) announced
that its Malaysian affiliate Barmada
McDermott Sdn. Bhd. has
been
awarded a transportation and
installation contract
by
ExxonMobil Exploration and Production
Malaysia Inc. for the
replacement of a
12-inch full well stream pipeline between
Guntong-B and Guntong-A platforms, off the
east coast of Peninsular Malaysia.
The
scope
of
work also includes transportation and
installation of a new flare boom to replace
an existing flare boom at the Guntong-A
platform.
J. Ray’s Vice President and General Manager
for Asia Pacific, Scott Cummins, said ”We
are especially pleased to be awarded this
project by ExxonMobil Exploration and
Production Malaysia.
After our successful completion last
year of another 12-inch full well stream
replacement pipeline between Guntong-C and
Guntong-A, our customer’s confidence in our
ability to successfully complete fast-track
projects with dedicated focus and on time
delivery is reinforced with the award of
this additional contract.“
The
pipeline installation is expected to be
completed during the third quarter of 2009.
J.
Ray McDermott, S.A., a subsidiary of McDermott
International, Inc. (NYSE:MDR), and its subsidiaries
provide engineering, construction, procurement,
installation and project management services for
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 over 20
countries with more than 25,000 employees, and can be
found on the internet at www.mcdermott.com.
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 actual results.
The forward-looking statements in this press release
include statements regarding the scope and execution of
the Guntong B project. 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, including, but not limited to,
the risk that McDermott may experience delays, changes,
cancellations or other difficulties executing such
contracts. 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 and other risk
factors, please see McDermott's annual report on Form
10-K for the year ended December 31, 2008.
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
Annie Tan
Public Relations, Asia Pacific
11, Lorong 3, Toa Payoh
Block A #01-01, Jackson Square
Singapore 319579
Tel: +65 66685386
E-mail: atan2@mcdermott.com
Visit our website: www.jraymcdermott.com
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