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    J Ray wins commitment on Atlantis topsides

    News // March 28, 2003
    J Ray McDermott, a subsidiary of McDermott International, has announced today that it received a commitment from BP to begin fabrication of the Atlantis topsides.

    Fabrication will commence in August 2003 with an estimated completion date of May 2005. The topsides will be fabricated in J Ray's Morgan City yard and will weigh approximately 15,450 tons.The Atlantis topsides are the fourth in the series of topsides that J. Ray will fabricate for BP under a contract valued at $600 million, which gives BP exclusive use of J. Ray's Morgan City facility during a significant portion of the construction period. Atlantis is a deep-water development project owned by BP (56%) and BHP Billiton (44%) located in the Gulf of Mexico.

    "We are pleased that the Atlantis project has been sanctioned and look forward to contributing to the success of BP's deepwater developments," said Rickey Oehrlein, Executive Vice President of J. Ray's Western Hemisphere Operations. "As a result of the recent fabrication work performed for BP on the Holstein, Thunder Horse and Mad Dog topsides, we have developed an excellent working relationship with BP," continued Oehrlein.

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