J. Ray McDermott Wins Saudi Aramco Project

Friday, August 19, 2005
McDermott International, Inc. announced that subsidiaries of J. Ray McDermott, S.A. have been awarded work by Saudi Aramco to provide fabrication and installation services for the Marjan, Zuluf, Safaniya oil field developments.

"This is a significant contract award for us and we are pleased to have the opportunity to further expand our strong working relationship with Aramco, which dates back to the 1960's," said Bob Deason, President and Chief Operating Officer of J. Ray. "J. Ray has already begun work on the project to ensure we meet our customer's requirements on this phase of the Maintain Potential program."

J. Ray, utilizing its Jebel Ali fabrication facility, will commence construction engineering, partial procurement and fabrication of five wellhead jackets totaling over 6,710 short tons, five drill decks totaling over 2,200 short tons, and three scrappers averaging 630 short tons each. Additionally, the work scope includes offshore installation of 13 miles of subsea pipelines including one 24-in. and four 16-in. flowlines in waters 49-170 ft. deep, tie-in-pools, anode sled assemblies and associated cables; risers and two subsea power cables totaling more than four miles in length. All installation work will be executed using J. Ray's DB27 marine vessel.

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