McDermott awarded a $454 million contract from Pemex

Deep-Driller-Jackup-rig-Pemex

Pemex awarded McDermott International a $454 million contract for engineering, procurement, construction & installation (EPCI) for the Abkatun-A2 platform. They’re to provide a solution using teams in project management and engineering from Mexico to build and commission the platform with associated structures.

According to McDermott, the platform, with a depth of 124 feet of water, is its largest project ever done for Pemex, allowing for replacing and expanding existing facilities in the Bay of Campeche.

Company VP for Americas, Europe and Africa, Scott Munro, said, “McDermott provided the most efficient and technically compliant solution leveraging our capabilities in Mexico and our recent experience with PEMEX on the successful completion of the complex PB Litoral project. Our fully-integrated solution will be led by our team in Mexico, including project management, procurement, engineering, fabrication and installation. This allows us to optimize all phases of the project.”

Munro continues, “McDermott has focused on several initiatives to lower costs and increase operational effectiveness to become more competitive in the market. Those efforts, coupled with key strategic decisions that maximize operations and execution in Mexico, directly contributed to the positive outcome of this award and will differentiate McDermott from our competitors for continued growth and success.”

The contract will reflect in the second quarter of 2016. While some activities are scheduled to begin immediately, others are spread from later this year through 2018, when McDermott will handover the deliverables to Pemex.

Article written by HEI contributor Marcela Abarca.

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