McDermott Wins Caspian Pipelay Work for Socar
The State Oil Company of the Azerbaijan Republic (SOCAR) recently awarded McDermott Caspian Contractors a pipelay contract. The contract is for offshore gas pipeline installation in the SOCAR’s Bahar field in the Azerbaijan sector of the Caspian Sea.
"This is a fast-track project for SOCAR and a significant award for us," commented Dan Houser, Vice President and General Manager, Caspian operations. "In the first quarter of this year, McDermott successfully completed our first gas pipeline installation for SOCAR in their Gunashli field. Cooperation with the Azerbaijani government and the State Oil Company was a key aspect of this success, and we are proud to continue to support the development of the oil and gas industry in Azerbaijan."
Under the contract, McDermott is responsible for the construction of 66.5 km of 20" low-pressure gas transport pipeline in up to 30 meters of water depth from the Gas Separation Station at the Oily Rocks to the Gas Measuring Unit in the Bahar field.
Pipelay work is scheduled to begin in the last quarter 2007. The pipelay barge Israfil Huseynov (PLBG) will be used for the pipeline installation.
McDermott Caspian Contractors, Inc. is the Caspian operating entity, and wholly owned subsidiary, of J. Ray McDermott, S.A., a subsidiary of McDermott International, Inc. (NYSE:MDR). J. Ray McDermott, S.A. and its subsidiaries provide engineering, construction, procurement, installation and project management services to offshore oil and gas developments worldwide.
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