J. Ray McDermott Awarded Qatargas EPCI Project

J. Ray McDermott has recently been awarded a multi-million dollar contract to fabricate two offshore wellhead jackets for the Qatargas II Development ("QG II"). Contracts of this type are typically valued at approximately US$20 million.

"We are extremely pleased to have been awarded this contract by QGII and to be able to add to our backlog of projects offshore Qatar," said Hafez Aghili, president J. Ray McDermott Middle East.

The jackets are destined for the WH4 and WH5 platforms, approximately 90km offshore from Ras Laffan Industrial City. Weighing about 1,500 tons and 1,300 tons respectively each jacket will consist of four piles and a temporary drilling deck. "WH4 jacket was designed by J. Ray McDermott's Dubai based structural and marine group," explained Richard Withers, J. Ray's project manager for QGII. "This really signifies the continued development of J. Ray's engineering design capabilities at the Dubai office, which compliments our US based Houston engineering group, who have been working on the design of WH5."

WH4 is a fast track fabrication project due for delivery and installation offshore Qatar in 3Q 2004. The second jacket is scheduled for installation in late Spring 2005. Both jackets will be installed using J. Ray's derrick barge DB27.

The first steel plates for WH4 have already been cut and fabrication is underway at J. Ray's Jebel Ali fabrication yard.