McDermott said Feb. 1 it won two engineering, procurement, construction, installation and commissioning (EPCIC) contracts from North Oil Co. (NOC) for the Ruya Development offshore Qatar.
The Ruya project includes the addition of platforms and debottlenecking pipelines and is part of the expansion of the Al-Shaheen field, Qatar's largest oil field. NOC, a joint venture of QatarEnergy and TotalEnergies, operates the field.
The first contract is valued at more than $1.5 billion, and it was awarded to a consortium of McDermott and Qingdao McDermott Wuchuan. Scope includes installing nine satellite wellhead platforms and jackets in two offshore campaigns.
The second contract is valued at between $500 million and $750 million and was awarded to a consortium of McDermott and Hyundai Heavy Industries for one 25,000 metric ton central processing platform, flare platform and bridges.
Mike Sutherland, McDermott's senior vice president for offshore Middle East, said in a press release the awards build on McDermott’s front-end engineering design (FEED) project, which it completed in just over 12 months.
Neil Gunnion, McDermott’s Qatar country manager and vice president for operations, said in a press release, “We have been on this journey with NOC since our Doha operating center started the pre-FEED in 2021.”
Recommended Reading
Weatherford, Equinor Extend Completions, Slot Recovery Agreement
2024-05-28 - Weatherford’s technology will provide Equinor with simplified downhole architecture, cost savings and remote monitoring.
Proxy Vote Preview: Chevron, Hess and Guyana Uncertainty
2024-05-27 - Chevron Corp. stockholders will vote on May 28 and Hess’ stakeholders on May 29 on a $53 million combination that largely centers on Hess’ stake offshore Guyana.
From Comedy Central to Exxon Mobil-Pioneer Deal, a New FTC Emerges
2024-05-27 - The Exxon Mobil and Pioneer Natural Resources deal closed quickly and without divestment conditions, an antitrust attorney said — except for the sole condition that barred Pioneer’s founding CEO from Exxon’s board.
EOG Resources, BP, Shell Bid in Trinidad Oil and Gas Auction
2024-05-27 - BP, Shell and EOG Resources companies bid for the Modified UC Block, which is near to the Teak, Sammaan and Poui producing fields.
Martin Resource Offers to Buy Spinoff Martin Midstream for $100.3MM
2024-05-27 - Martin Resource Management created Martin Midstream through an IPO in 2002.