Qingdao McDermott Wuchuan Awarded Module Fabrication Contract for Yamal LNG Project
June 18 2015 - 11:17PM
Business Wire
McDermott International, Inc. announced today that its joint
venture Qingdao McDermott Wuchuan (QMW) has been awarded a module
fabrication contract for Yamal LNG, a liquefied natural gas (LNG)
plant being built northeast of the Yamal Peninsula in Russia.
The large contract is being performed in the QMW fabrication
facility in Qingdao, China and commenced in the second quarter of
2015.
The full scope of work includes fabrication, engineering,
procurement, construction including mechanical completion,
pre-commissioning, weighing, and load-out. The scope of work also
includes the sea-fastening of six units of onshore LNG
fractionation pre-assembled unit modules of approximately 13,200
tons. Two of the modules weigh in at approximately 4,630 tons
each.
“Our fabrication facility is able to deliver certainty with its
unique design, in particular the mega module assembly shop which
accommodates fabrication of all the modules indoors, eliminating
weather disruptions,” said Leong Eng Chow, General Manager, Qingdao
McDermott Wuchuan.
“LNG Process modules involve multiple disciplines including a
significant amount of fireproofing, various types of insulation and
architectural work. As we continue to develop our client base, the
award of this important project demonstrates the confidence that
our clients place in our ability to perform large, complex
multi-discipline and schedule-critical fabrication projects in our
Qingdao fabrication facility,” said Hugh Cuthbertson, Vice Chairman
and Director, Qingdao McDermott Wuchuan.
Notes to Editors
ABOUT QINGDAO McDERMOTT
WUCHUAN
QMW is a joint venture between a McDermott and state-owned CSIC
and offers integrated Engineering, Procurement and Commissioning
solutions for the Floating Production Storage and Offloading
(“FPSO”) market and fabrication capabilities through an 111-acre
fabrication yard located in the Huangdao District in Qingdao
(Shandong Province), China. Adjacent to two large shipbuilding and
repair yards operated by CSIC, QMW focuses on high quality,
cost-competitive FPSO topsides construction and integration, module
fabrication and large integrated deck fabrication.
ABOUT McDERMOTT
McDermott is a leading provider of integrated engineering,
procurement, construction and installation (EPCI) services for
upstream field developments worldwide. The Company delivers fixed
and floating production facilities, pipelines and subsea systems
from concept to commissioning for complex Offshore and Subsea oil
and gas projects to help oil companies safely produce and transport
hydrocarbons. Our clients include national and major energy
companies. Operating in more than 20 countries across the
world, our locally focused and globally integrated resources
include approximately 11,700 employees, a diversified fleet of
specialty marine construction vessels, fabrication facilities and
engineering offices. We are renowned for our extensive knowledge
and experience, technological advancements, performance records,
superior safety and commitment to deliver. McDermott has served the
energy industry since 1923 and is listed on the New York Stock
Exchange. As used in this press release, McDermott includes
McDermott International, Inc. and its subsidiaries and affiliates.
To learn more, please visit our website at www.mcdermott.com
FORWARD-LOOKING
STATEMENTS
In accordance with the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995, McDermott cautions that
statements in this press release which are forward-looking, and
provide other than historical information, involve risks,
contingencies and uncertainties that may impact McDermott's actual
results of operations. These forward-looking statements include
statements about the expected scope and value associated with this
project. Although we believe that the expectations reflected in
those forward-looking statements are reasonable, we 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 risks, contingencies and uncertainties,
including, among others: our inability to successfully execute on
contracts in backlog, changes in project design or schedules, the
availability of qualified personnel, changes in the scope or timing
of contracts, contract cancellations, change orders and other
modifications, difficulties executing on the project and changes in
contracting terms and industry norms. 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 and quarterly filings with the Securities and
Exchange Commission, including its annual report on Form 10-K for
the year ended December 31, 2014 and subsequent quarterly reports
on Form 10-Q. This press release reflects management's views as of
the date hereof. Except to the extent required by applicable law,
McDermott undertakes no obligation to update or revise any
forward-looking statement.
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version on businesswire.com: http://www.businesswire.com/news/home/20150618006502/en/
Qingdao McDermott Wuchuan:Leong Eng Chow,
+86.532.8695.3507ecleong@mcdermottwuchuan.comorMcDermott:Juliana
Tan, +65.6668 5428yjtan@mcdermott.com
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