McDermott has announced that it has been award two massive deals worth US$4.5 billion by Saudi Aramco for the Marjan increment development project off Saudi Arabia's East Coast.
The first deal is for Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project to provide engineering, procurement, construction and installation (EPCI) of the Gas-Oil Separation Plant (GOSP), in a consortium with China Offshore Oil Engineering Company (COOEC).
Marjan Package 1 contract is worth in excess of $3 billion and represents the single largest EPCI offshore contract awarded by Aramco.
"This award signifies Aramco's confidence in McDermott's project management expertise and ability to meet the interface, logistics and coordination challenges that an EPCI project of this vast scale represents," said Linh Austin, Senior Vice President, Middle East and North Africa. "The award is validation of the One McDermott Way, our locally focused and globally-integrated approach to deliver certainty to the most complex projects."
The second deal is for Package 4 of Saudi Aramco's Marjan Increment Development Project to provide engineering, procurement, construction and installation (EPCI) of offshore gas facilities and pipelines.
Package 4 is worth in excess of $1.5 billion and represents the second largest EPCI offshore contract awarded by Saudi Aramco in the Marjan Increment Development Project.
"The award of Marjan Package 4, in addition to Marjan Package 1, is further evidence of Aramco's confidence in McDermott's ability to deliver on a project of this scale," added Austin.
The Marjan Increment Project will increase production from 500,000 to 800,000 barrels of oil per day, with Package 1 GOSP facilities at the core of the development.
The contract for Package 1 includes the fabrication of over 150,000 metric tons consisting of six major topside platforms and jackets, 12 bridges and six bridge support platforms and jackets, as well as over 70 kilometers of 36-inch oil export trunk lines and more than 90 kilometers of 230kV composite subsea cables.