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Gulf Island Fabrication to Construct Jacket for Gulf of Mexico Project

Gulf Island Fabrication, Inc. , announced today that, through its subsidiary Gulf Marine Fabricators, it has received a Letter of Intent in anticipation of a contract for the fabrication of a 1200’ jacket from Walter Oil & Gas Corporation for its Coelacanth Project located at Ewing Bank 834 in the Gulf of Mexico.

Revenue backlog and man-hours associated with this project will be included in the Company’s consolidated backlog and will be reported when the Company announces its earnings results for the year ended December 31, 2012.

Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a fabricator of offshore drilling and production platforms, hull and/or deck sections of floating production platforms and other specialized structures used in the development and production of offshore oil and gas reserves.

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USA: Gulf Island Fabrication to Build 335 Class Offshore Liftboat for Montco Offshore

Gulf Island Fabrication, Inc. announced on September 18th 2012, that its subsidiary, Gulf Island Marine Fabricators, L.L.C., signed a contract for the fabrication of a 335 Class, 185 feet long by 135 feet wide by 15 feet deep, offshore liftboat for Montco Offshore, Inc., a marine operator based in Galliano, LA.

When completed, this will be the second 335 Class liftboat the Company has built for Montco Offshore, Inc. Revenue and man-hour backlog related to this project will be included in the Company’s consolidated backlog when the Company announces its earnings results for the quarter ended September 30, 2012.

Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a leading fabricator of offshore drilling and production platforms, hull and/or deck sections of floating production platforms and other specialized structures used in the development and production of offshore oil and gas reserves. These structures include jackets and deck sections of fixed production platforms; hull and/or deck sections of floating production platforms (such as tension leg platforms (“TLPs”), “SPARs,” “FPSOs” and “MinDOCs”), piles, wellhead protectors, subsea templates and various production, compressor and utility modules, offshore living quarters, towboats, liftboats, tanks and barges. The Company also provides offshore interconnect pipe hook-up, inshore marine construction, manufacture and repair of pressure vessels, heavy lifts such as ship integration and TLP module integration, loading and offloading of jack-up drilling rigs, semi-submersible drilling rigs, TLPs, SPARs, or other similar cargo, onshore and offshore scaffolding, piping insulation services, and steel warehousing and sales.

Shipbuilding Tribune – USA: Gulf Island Fabrication to Build 335 Class Offshore Liftboat for Montco Offshore.

McDermott Bags Offshore Installation Gig in U.S. GOM

McDermott International, Inc. announced today that one of its subsidiaries has been awarded a contract by the Discovery system for offshore facilities in the Gulf of Mexico. The value of this contract is included in McDermott’s second quarter 2012 backlog.

Williams Partners L.P.owns 60 percent of the Discovery system and operates it. DCP Midstream Partners, LP owns the other 40 percent of the Discovery system.

The project is to deliver new junction facilities for Discovery’s Keathley Canyon Connector™ pipeline system with a 3,300-ton, four-leg platform in 350 feet of water. The unmanned platform will provide pipeline junction facilities for incoming deepwater pipelines from the Hadrian South and Lucius fields and for outgoing shallow-water pipelines to shore.

Fabrication is expected to commence this summer at McDermott’s Morgan City facility in Louisiana. Offshore installation is expected to commence during the third quarter of 2013, and is intended to be ready for operational start-up before the end of the year.

McDermott’s deepwater combination heavy lift and pipelay vessel DB50 is expected to perform the installation. The DB50 has recently undergone extensive enhancement to its power and propulsion systems, and has a new deepwater lowering system.

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UK: HFG Inks Contract for Fabrication of Two Jackets for Golden Eagle Development Project

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Heerema Fabrication Group (HFG) has been awarded the contract for the fabrication of two jackets for the Golden Eagle Development project of Nexen Petroleum UK Ltd.

The contract consists of the fabrication of a 6,000 tons wellhead jacket and a 6,000 tons jacket for the PUQ (Production Utilities Quarters). The construction will be executed at the Vlissingen fabrication location and is scheduled to start in February 2012. Both jackets will have a height of 130 meters with a foot print of 45 x 45 meter. It is scheduled that the jacket will be ready for transportation to Nexen’s Golden Eagle oilfield in the UK North Sea, approximately 43 miles from Aberdeen, in the 2nd quarter of 2013.

The award of the Golden Eagle jackets contract follows the successful execution of the Buzzard PS jacket contract in 2009, which formed the basis for the mutual confidence to fabricate the wellhead and PUQ jackets in parallel for delivery by 2nd quarter 2013”, according to Remco van Gilst, VP Business Development and Sales.

Tino Vinkesteijn, CCO of Heerema Fabrication Group adds: “Securing this contract will continue to safeguard employment at our Vlissingen facility and also create additional supply-chain jobs in this region, as it will directly follows the jackets currently under construction.” Tino continues: “The continuous improvement process of our safety culture, which is called ‘Building on Safety’, is secured and carefully taken into account in the overall project planning to achieve a safe and accident free working environment. We look forward to working again with our client Nexen to accomplish a safe execution and successful completion of this project.”

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Shell Awards McDermott Contract for Platform Fabrication in U.S. Gulf of Mexico

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McDermott International, Inc., announced today that one of its subsidiaries has been awarded a fabrication contract by Shell Offshore Inc., for the West Delta 143 “C” deck, jacket, piles, and bridge located in 370 feet of water in the Gulf of Mexico. The contract will be included in McDermott’s third quarter 2011 bookings.

“We are pleased to be able to offer a competitive solution for the development of the West Delta platform,” said Stephen M. Johnson, McDermott’s Chairman, President and Chief Executive Officer. “Shell’s recognition of McDermott as a “Green Light” contractor for HSES performance, as well as their familiarity with our project management, ability to accelerate schedules and knowledge of our performance quality is where we added value with this contract.”

McDermott’s engineering group based in New Orleans will perform detailed construction engineering and load-out analysis for the 10,120-tons of structures. McDermott’s Morgan City fabrication facility in Louisiana will perform all construction engineering, procurement, fabrication and onshore mechanical completion of the deck. McDermott will also assist in the commissioning of the platform.

First steel cut is scheduled to begin later this year, with expected sail away of the deck in the first quarter of 2013.

The WD 143 “C” fabrication is part of the Mars B Development, which consists of the Olympus Tension Leg Platform, West Boreas and South Deimos subsea development and the West Delta 143 “C” Jacket and Deck. The Olympus host will be located in Mississippi Canyon Block 807 in the Gulf of Mexico approximately 95 miles south of New Orleans, Louisiana, in a water depth of approximately 3,000 feet and its export pipelines will be tied back to the new WD 143 “C” platform.

More about McDermott’s Morgan City Fabrication Facility and Working with Shell

McDermott’s Morgan City fabrication facility covers more than 300 acres and has constructed some of the company’s largest structures. It consistently delivers high-quality projects safely and on schedule, including large integrated platforms and subsea components. Located in Louisiana, the Morgan City yard has fabricated the previous Shell WD 143 “B” platform, as well as several TLP decks including Auger, Mars, Ram-Powell, Ursa, and Brutus.

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USA: Gulf Island Fabrication Receives LoA for Hull Construction

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Gulf Island Fabrication, Inc. announced today, that through its subsidiary Gulf Marine Fabricators, it has signed a Letter of Award for the fabrication of a hull for a Williams deep-water Gulf of Mexico project.

Revenue and man-hour backlog is included in the Company’s consolidated backlog reported when the Company announced its earnings results for the quarter ended March 31, 2011.

Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a leading fabricator of offshore drilling and production platforms, hull and/or deck sections of floating production platforms and other specialized structures used in the development and production of offshore oil and gas reserves. These structures include jackets and deck sections of fixed production platforms; hull and/or deck sections of floating production platforms (such as tension leg platforms (“TLPs”)), “SPARs, FPSOs, MinDOCs,” piles, wellhead protectors, subsea templates and various production, compressor and utility modules, offshore living quarters, brown water towboats, other marine vessels, lift boats, tanks and barges. The Company also provides offshore interconnect pipe hook-up, inshore marine construction, manufacture and repair of pressure vessels, dry dock and marine repair services, heavy lifts such as ship integration and TLP module integration, loading and offloading of jack-up drilling rigs, semi-submersible drilling rigs, TLPs, SPARs, or other similar cargo, onshore and offshore scaffolding, piping insulation services, and steel warehousing and sales.

Original Article

USA: Chevron Selects McDermott for Jack and St. Malo Fabrication and Installation Work

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McDermott International, Inc. , announced today that one of its subsidiary companies was awarded fabrication and installation work from Chevron U.S.A. Inc. to support the development of the Jack and St. Malo fields in the Gulf of Mexico. The project will be included in McDermott’s first quarter 2011 bookings.

Work will begin in 2013, with the start of fabrication of 21 rigid jumpers at McDermott’s Morgan City fabrication facility in Louisiana. Offshore installation will begin in early 2014 using McDermott’s subsea construction vessel North Ocean 102 (“NO102”) and the DB16.

“We are pleased to be able to support Chevron’s deepwater developments in the Gulf of Mexico and believe that our combined solution of NO102’s high payload and top tension capacity coupled with our ability to fabricate the high spec jumpers in house provides a unique benefit for this project’s delivery,” said Stephen M. Johnson, President and Chief Executive Officer of McDermott.

The NO102 and its crew will transport and install more than 60 miles of umbilicals, including three control and two power umbilicals. The jumpers and remaining subsea controls system components, including more than 80 flying leads, will be installed by the DB16.

Located in up to 7,150 feet of water in the US Gulf of Mexico Walker Ridge lease blocks, the Jack South and St. Malo North and South subsea drill centers tie back to the Jack and St. Malo floating production platform.

More about North Ocean 102

The 427-foot NO102 enables McDermott to offer versatile installation capabilities in the flexible pipe and product market worldwide. The vessel has two cranes and a moon pool to support deepwater subsea construction work and has a fast transit speed. It is currently equipped with a 7,000-ton capacity cable and umbilical and flexible pipe carousel with horizontal lay system. Plans are underway to upgrade the vessel’s capability by installing a high-capacity flexible-lay system for ultra deepwater installation work. The upgrade will include installation of a new 250-ton crane.

North Ocean 105 (NO105), the sister ship to NO102, is currently under construction at a Spanish shipyard. The 427-foot vessel will be outfitted with a high capacity rigid-reeled pipe-lay system with top-tier payload capacity. The system will also accommodate installation of flexible products including submarine cables and umbilicals and flexible pipelines. The anticipated delivery date of the NO105 is 2012.

ABOUT McDERMOTT

McDermott is a leading engineering, procurement, construction and installation (“EPCI”) company focused on executing complex offshore oil and gas projects worldwide. Providing fully integrated EPCI services for upstream field developments, the Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning. McDermott’s customers include national and major energy companies. Operating in more than 20 countries across the Atlantic, Middle East and Asia Pacific, the Company’s integrated resources include more than 15,000 employees and a diversified fleet of marine vessels, fabrication facilities and engineering offices. McDermott has served the energy industry since 1923.

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