J. Ray Reels in Second Subsea Gig in Vietnam

J. Ray McDermott was awarded a transportation and installation contract by PTSC for the Te Giac Trang field development project. J. Ray will transport and install two wellhead platform jackets, topsides (including two drill decks, a main deck and helideck/electrical house), infield pipelines (including tie-spools and a pin-piled pipeline end manifold), and a subsea isolation valve. The work is planned to commence in the third quarter of 2010. The TGT field is located in the northern part of Block 16-1 offshore Vietnam in a water depth of roughly 148 feet (45 meters), and is operated by Hoang Long Joint Operating Company.

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