McDermott Gets $48-Million Offshore Contract From Chinese Petroleum Corporation

McDermott International, Inc.

has been awarded a contract worth approximately $48-million by the Chinese Petroleum Corporation of the Republic of China. The turnkey contract involves engineering, procurement, and construction of one drilling and production platform, two wellhead platforms, installation of four subsea wellheads, five platform completion wellheads, and laying 40 miles of pipelines in the CBK oil and gas field, 15 miles northwest of Hsin Chu, Taiwan, Republic of China.

The platforms, all four-legged, and subsea wellheads will be installed in water depths of approximately 200 feet. Fabrication will begin this month and is scheduled to be completed in July. The projected production rates for the field are 56 million cubic feet of gas and 10,000 barrels of oil per day.

The offshore pipelines to be laid include 15 miles of 12-inch gas lines, 15 miles of 6-inch oil lines, 4.5 miles of 8-inch flowlines, and 5.5. miles of 6-inch flowlines.

McDermott's combination derrick/ lay barge DB-29 will be the primary piece of marine construction equipment used on the offshore portion of the project, which is scheduled to begin in May and be completed by August.

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