McDermott Awarded Second Contract for PETRONAS Bukit Tua Development in East Java, Indonesia
McDermott International, Inc. (NYSE:MDR) (“McDermott”) announced today that one of its subsidiaries was awarded a transportation, installation and pre-commissioning contract by PC Ketapang II Ltd, a subsidiary of PETRONAS, for the Bukit Tua Development Project in the Ketapang block of East Java, Indonesia. The contract will be included in McDermott’s fourth quarter backlog.
“McDermott is uniquely positioned to support the fast track nature of the Bukit Tua development that is critical to provide energy to power a key industrial area in Gresik, Indonesia,” said Hugh Cuthbertson, Vice President and General Manager, Asia Pacific. “This is the second award we have received related to the Bukit Tua Development this year. We are currently fabricating the 1,212-ton BTJT-A wellhead jacket at our Batam Island fabrication facility in Indonesia, where construction work is on track and expected to complete in November 2014.”
This new contract is for the transportation and installation of the BTJT-A jacket, its related topsides and subsea pipeline tie-in spools. Additionally, McDermott will undertake the pre-commissioning of the related export and infield pipelines. All offshore installation work will be carried out by the McDermott Derrick Barge 30 (“DB30”).
“McDermott’s innovative engineering solutions played a key role in us winning the project. The unique configuration of our DB30 enables work to be carried out in a shorter amount of time, which translates to time and cost savings and helps to improve the overall efficiency and safety of offshore operations for our client,” said Cuthbertson
The offshore campaign is expected to be completed by end of the first quarter of 2015.
The Bukit Tua field is located approximately 21 miles from Madura Island and 62 miles from Surabaya, East Java, in approximately 190 feet of water.
McDermott has operated in Indonesia since the early 1970s and has an outstanding track record of delivering project excellence for the Indonesian energy industry from its regional engineering offices, Batam Island fabrication facility and fleet of installation vessels.