Offshore Shipping Online

A publication for the offshore shipping industry published by Clarkson Research

  • Offshore Intelligence Monthly
  • Menu

    J Ray McDermott wins new project awards worth US$390 million

    Yard News // October 15, 2004
    J Ray McDermott has announced that McDermott Caspian Contractors has been awarded three new projects from the Azerbaijan International Operating Company (AIOC) for a combined value of approximately US$390 million.

    The first project is for the pipeline installation for the Phase 2 development of the Azeri, Chirag and deepwater portion of the Gunashli (ACG) field, in the Azerbaijan sector of the Caspian Sea. Contracts of this type are typically valued at US$160 million.

    The second project awarded, valued at approximately US$140 million, is for the fabrication, assembly, hook-up and commissioning of the Drilling, Utilities and Quarters (DUQ) integrated deck for the Phase 3 development of the ACG field. Part of the work scope will be performed by the MCCI Joint Venture with Baku Deep Water Jacket Factory.

    The third project awarded is for the installation of infield pipelines and subsea water injection facilities for the ACG development Phase 3, valued at approximately US$90 million.

    More articles from this category

    More news