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McDermott Bags Two Offshore Contracts in USA and Gabon

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McDermott International, Inc. announced that one of its subsidiaries has been awarded a fabrication contract for components of a deepwater platform in the Gulf of Mexico, by Heerema Marine Contractors Nederland BV.

McDermott will construct 16 tendon buoyancy modules (“TBMs”) for the deepwater project, which will be used during offshore installation of the platform, approximately 225 miles south of New Orleans in waters up to 5,185 feet deep.

“McDermott’s high quality fabrication procedures for deepwater projects meet the demanding customer specifications for delivery of structures,” said Stephen M. Johnson, Chairman, President and Chief Executive Officer of McDermott. “Additionally, our HSES practices are closely aligned with the stakeholders on the project team,” said Johnson.

McDermott will carry out procurement, fabrication and loadout of the TBM structures from its Morgan City facility in Louisiana. Consisting of an upper and lower module, each TBM is designed to be interchangeable as either an upper or a lower module. Fabrication work is expected to commence during the second quarter of 2012.

A McDermott subsidiary has also been awarded a design engineering and procurement management contract, by VAALCO Gabon Inc., for the Etame platform and a design engineering contract for a potential Southeast Etame / North Tchibala (SEENT) platform, both located offshore Gabon, West Africa.

McDermott’s Houston-based engineering teams have a track record of designing structures for the West Africa market,” said Johnson. “Our early planning activities and knowledge of the technical issues that may arise during the design scope, coupled with our unique understanding of fabrication and installation constructability requirements, allowed us to develop a robust design proposal for VAALCO,” said Johnson.

The new oil and gas wellhead production platform(s) will be located in the Etame Marin block off the coast of Gabon and will be engineered to produce oil and gas.

VAALCO has requested McDermott’s engineering team to design a safe, reliable and predictable production facility that will minimize operational and maintenance issues. It is anticipated that engineering activities will be supported by a combination of technical and commercial personnel focused on identifying and specifying the materials and services necessary to help ensure project execution excellence.

Detailed engineering is already underway at the McDermott Houston engineering office.

The values of both these contract awards will be included in McDermott’s second quarter 2012 backlog.

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DeepOcean Group Wins Trenching Job for COOEC in China

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CTC Marine Projects, Ltd., a subsidiary of DeepOcean Group Holding AS, announced the award of a major trenching contract for COOEC on the Liwan 3-1 Project in China located 350 kilometres offshore Shenzhen, China.

CTC will be responsible for the trenching of approximately 174 kilometres of 30-inch pipeline from the Shallow Water Host Platform of the Liwan field development in water depth of 205 metres. For this workscope, CTC will use the MSV Volantis equipped with two ROVs and the world’s most powerful jet trenching ROV, the 2.1 Megawatt UT-1 Trencher.

imageTony Stokes, Director of CTC’s Asia Pacific operations, states, “This project, along with the recently completed project with the Volantis and UT-1 in South Korea, shows the demand for CTC’s trenching technology in the thriving South East Asia region. We look forward to a successful campaign and are very pleased to cooperate with COOEC Subsea on such an epic project.”

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WWCS Bags Decom Gig in U.S. Gulf of Mexico

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Wright’s Well Control Services (WWCS) has been awarded a contract from an operator in the Gulf of Mexico for the surface plug & abandonment of sixteen wells. Work on this project will commence in the first quarter of 2012 and is expected to be completed by the end of June 2012.

WWCS will use its proprietary custom-engineered equipment for the project including wireline units, pumps, fluid manifolds, cement blenders, gas separators and tanks. These small-footprint spreads allow for conducting rigless plug & abandonments from a vessel of opportunity. WWCS will also provide planning, permitting and project management services.

“We are seeing an uptick in decommissioning work in the Gulf. The awarding of this contract further demonstrates WWCS’ capability to successfully execute multi-well packages for our clients. Our unique small-footprint equipment and experienced crews help customers stay on budget and schedule,” says David Wright, WWCS president.

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Oceaneering Bags Angola Gig from BP

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Oceaneering International, Inc. announced that it has secured a three-year Field Support Vessel Services contract from BP p.l.c. Oceaneering will provide project management, engineering, and vessel services offshore Angola on Blocks 18 and 31, commencing February 1, 2012. The contract provides for two option periods of one year each, exercisable by BP.

Two chartered vessels, the Ocean Intervention III and the Bourbon Oceanteam 101, will be supplied under the contract. Each vessel will be outfitted with two Oceaneering work class remotely operated vehicles (ROVs) capable of working in 3,000 meters of water. Oceaneering will mobilize its chartered vessel, the Ocean Intervention III, from the U.S. Gulf of Mexico to Angola commencing in early January 2012. The contract scope of work includes light subsea construction, inspection, maintenance, and repair services on existing and future subsea infrastructure. The contract has a provision for Oceaneering to provide, at BP’s option, a third vessel after the commencement date.

M. Kevin McEvoy, President and Chief Executive Officer, stated, “We are pleased to have secured this contract with BP, one of our largest customers. This project builds on our well-established deepwater vessel project capabilities in the U.S. Gulf of Mexico and represents a significant geographic expansion with considerable backlog for our Subsea Projects business. It further reinforces our long-term commitment to Angola, which is a growing market for Oceaneering’s services and products.

BP’s involvement with Angola goes back to the mid 1970s. During the 1990s, BP made very substantial investments in Angola’s offshore oil, and it is now an important part of the company’s upstream portfolio. The UK based oil giant on Tuesday confirmed that it has gained access to five more deepwater exploration and production blocks offshore Angola.

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