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Bob Deason News

19 Sep 2007

J. Ray McDermott Completes Offshore Jacket

J. Ray McDermott’s Morgan City, La., fabrication facility successfully completed the load out recently of a 9,015 short-ton jacket built for Reliance Industries Ltd., as part of an engineering, procurement, construction and installation deal. The load-out was the culmination of just over 12 months of work building the jacket destined for the KG-D6 field off the eastern Indian coast. This is the first structure we have built here at Morgan City for export to India,” said Bob Deason, President and Chief Executive Officer of J. Ray. “The Reliance KG-D6 field development contract was a fast-track project, and we were able to use our company’s worldwide resources to ensure we met our customer’s delivery deadline for first gas from the field by June 2008.”

24 Aug 2007

J. Ray McDermott Completes Secunda Asset Acquisition

J. Ray McDermott, S.A., a subsidiary of Houston-based McDermott International Inc., has completed its acquisition of substantially all of the assets of Secunda International Ltd. Those assets include 14 harsh-weather, multi-functional vessels for sub-sea construction, pipe and cable laying and dive support. The $260 million acquisition also includes Secunda’s shore-based operations. “We are pleased to complete this purchase and to begin integrating certain assets into J. Ray’s strong backlog of offshore oil and gas construction projects,” said Bob Deason, J. Ray’s chief executive officer. “With Secunda, J.

21 Jun 2006

J. Ray McDermott Returns To New Orleans

Orleans, LA. The return to NOLA comes nearly ten months after Hurricane Katrina forced the evacuation of J. temporary offices in Amelia, Louisiana and Houston, Texas. (formerly the Amoco Building). employees. of J. Ray. "The Engineering office in New Orleans is a key part of J. "J. Development Secretary Michael J. Olivier.

17 Apr 2006

J. Ray McDermott Celebrates 50 Years in Morgan City

1956: Elvis released his first album; the film debut of Invasion of the Body Snatchers was frightening American audiences; My Fair Lady opened on Broadway; and J. Ray McDermott began operations at the offshore industry's first dedicated steel fabrication yard near Morgan City, Louisiana. Among the major events of early 1956, many are now trivia, but the Morgan City "fab yard" continues to have a profound and lasting effect on the region and the world. Since its humble beginnings on April 1, 1956, J. Ray's Morgan City fabrication facility has built more offshore structures than any other fabrication facility and has served as the model for new offshore fabrication yards around the globe.

19 Aug 2005

J. Ray McDermott Wins Saudi Aramco Project

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. 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.

09 Sep 2005

New Joint Venture Targets Deepwater Markets

J. Ray McDermott, S.A. and Keppel FELS Limited. are in the process of forming a new joint venture company, to be named FloaTEC, LLC, to provide deepwater and ultra deepwater oil and gas development solutions. To add to the Joint Venture’s offerings, J Ray and Keppel FELS plan to draw upon the purchased patent rights previously owned by ABB for the Extended Tension Leg Platform (ETLP) and Single Column Floater (SCF) designs. Combined with J Ray’s existing SPAR technology and Keppel FELS’ semi-submersible expertise, FloaTEC, LLC will be in a unique position to provide a wide range of solutions for deepwater developments. “We believe that the timing could not be better for this cooperation with our colleagues at Keppel FELS and the establishment of this exciting joint venture…

23 Sep 2005

J. Ray McDermott Awarded Australian Project

McDermott International subsidiary J. Ray McDermott, S.A. won a $77 million contract by Woodside Energy Ltd., operator of the North West Shelf Venture's LNG Phase V Expansion project in Australia. Under the contract, J. Ray will undertake construction engineering, procurement, fabrication, assembly and erection of 75 pre-assembled module and pipe rack units totaling nearly 22,000 short tons. Completed modules and pipe racks will be shipped from J. Ray's Batam Island, Indonesian fabrication facility to Western Australia, and transported to the Venture's LNG facilities on the Barrup Peninsula where the new LNG "Train V" is being constructed.

27 Sep 2005

J. Ray McDermott Wins Offshore LNG Contract

McDermott International, Inc. announced that a subsidiary of J.Ray McDermott, S.A. has been awarded a contract by Ras Laffan Liquefied Natural Gas Company Limited (3) to provide engineering, procurement, construction and installation services for new facilities in Qatar’s North Field, as part of the Phase 2 Offshore Expansion Project. Contracts of this type are typically valued at approximately $0.5 billion. “RasGas is a valued client of J. Ray and its trust in our management, operations and quality of services explains the repeatability in our project work and the longevity of our relationship,” said Bob Deason, President and Chief Operating Officer of J. Ray.