McDermott Secures Decommissioning Contract in Western Australia

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Jul 10, 2023, 07:00 ET

HOUSTON, July 10, 2023 /PRNewswire/ -- McDermott has been awarded an engineering, procurement, and removal contract for offshore decommissioning work by Woodside Energy. The award is for the full removal of the Stybarrow disconnectable turret mooring (DTM) buoy, as part of the decommissioning of the Stybarrow field located in the northwest Cape of Western Australia.

Under the contract scope, McDermott will provide project management and engineering services for the recovery, transportation and offloading of the DTM buoy to a suitable onshore yard facility for dismantling and disposal.

"This award not only demonstrates McDermott's proven track record in undertaking deepwater projects of diverse scopes, but it also highlights the critical importance of decommissioning in the offshore industry," said Mahesh Swaminathan, McDermott's Senior Vice President, Subsea and Floating Facilities. "With our seamless integration of engineering, fabrication, and offshore mobilization expertise, we believe we are well-equipped to execute this project efficiently and responsibly, ensuring the safe recovery and removal of the Stybarrow DTM buoy."

McDermott's Perth-based team will oversee project management, while engineering and fabrication support will be provided by the team in Kuala Lumpur, Malaysia, and Batam, Indonesia. The DTM buoy will be lifted and removed utilizing McDermott's DLV2000 vessel, ensuring safe and efficient operations throughout the decommissioning process.

About McDermott
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.

Forward-Looking Statements
McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. 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, other creditors, customers and other business counterparties 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. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott's management 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]

Local Media Relations
Barbara Knight
Senior Director, Business Line Communications and Marketing
+971 56 403 2903
[email protected]

SOURCE McDermott International, Ltd