McDermott Awarded ADNOC's Fujairah LNG FEED Contract

HOUSTON, May 18, 2022 /PRNewswire/ -- McDermott has been awarded a contract by ADNOC to provide front-end engineering design (FEED) services for the new Fujairah Liquefied Natural Gas (LNG) facility. Located approximately 155 miles (250 km) from Abu Dhabi, UAE, the facility will include an LNG plant with a total capacity of 9.6 million tons per annum (Mtpa).

The plant will be designed with electric drives for the liquefaction compressors and will incorporate several features that significantly reduce greenhouse gas emissions, capitalizing on the experience McDermott has in the net zero sector.

"We will apply our robust capabilities and experience to perform this FEED for the Fujairah LNG project. Our biggest differentiator is our ability to execute this FEED on a fast track basis incorporating all of the characteristics required to support the award of EPC contracts which are expected in 2023," said Tareq Kawash, Senior Vice President, Onshore for McDermott.

McDermott was involved in initial phases of ADNOC's LNG development in the late 1980s, having built the storage facilities for both LNG and liquified petroleum gas (LPG) on an EPC basis on Das Island. "We are proud to continue our long history with ADNOC by playing an important role in helping to define the next phase of LNG development in the UAE," Kawash added.

McDermott is one of the most experienced engineering and construction firms serving the LNG market and has delivered more than 30 LNG Pre-FEED and FEED projects over the past ten years. The Fujairah LNG facilities FEED will be performed by teams in McDermott's offices in London and the UAE.

McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties that may impact McDermott's actual results of operations. These forward-looking statements include, among other things, statements about the expected scope and execution of the project discussed in this press release. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders and other creditors of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. This communication reflects management's views as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.

Contacts:

Global Media Relations
Reba Reid
Senior Director, Global Communications and Marketing
+1 281 588 5636
[email protected]

Global Onshore Media Relations
Barbara Knight
Senior Director, Communications and Marketing
+971 (0)4 804 3990
[email protected]

SOURCE McDermott International, Ltd