"It's an honor for us to be selected by the Qatargas 3 and 4 ventures for this project, which follows the award of the jacket fabrication work earlier this year," said Hafez Aghili, senior vice president and general manager, Middle East and India.
"There is significant potential for oil and gas field development in Qatar and every project award strengthens our experience and market position in the region."
J. Ray will design, purchase materials, construct, transport, install, hook-up, and mechanically complete three wellhead decks, WHP7, WHP8 and WHP9, each weighing approximately 2,100MT. Engineering and procurement has just commenced and construction will commence by April 2007 at J. Ray's Jebel Ali fabrication facility. All three well head decks will be completed by the last quarter of 2008.
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J. Ray McDermott awarded offshore project for Qatargas 3 and 4
- United Arab Emirates: Wednesday, August 02 - 2006 at 09:08
- PRESS RELEASE
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J. Ray McDermott Eastern Hemisphere Ltd., a subsidiary of J. Ray McDermott, S.A., was recently awarded an engineering, procurement, construction, and installation (EPCI) contract for three wellhead topsides bound for Qatar's North field, for Qatargas 3 and Qatargas 4 offshore projects.
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Posted by Lara Lynn Golden, News EditorWednesday, August 02 - 2006 at 09:08 UAE local time (GMT+4)
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This article was updated on Tue May 01 2007.
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J. Ray McDermott
McDermott is a leading worldwide energy services company. McDermott's subsidiaries provide engineering, fabrication, installation, procurement, research, manufacturing, environmental systems, project management and facilities management services to a variety of customers in the energy and power industry, including the U.S. Department of Energy. Its subsidiary, J. Ray McDermott, S.A. is a leading provider of solutions for the offshore field development worldwide.
Qatargas 3 and Qatargas 4
Qatargas 3 is an integrated project, jointly owned by Qatar Petroleum (68.5%), ConocoPhillips (30%) and Mitsui (1.5%). Qatargas 4 will be implemented through a joint venture between QP (70%) and Shell (30%). Each project comprises upstream gas production facilities to produce approximately 1.4 billion cubic feet per day of natural gas, including an average of approximately 70,000 bbl/d of Liquefied Petroleum Gas (LPG) and condensate combined from Qatar's North Field over the 25-year life of the project. The projects will each include a 7.8 million tonnes-per-annum LNG train. The first LNG cargos from Qatargas 3 are expected to be delivered in 2009. First LNG cargos from Qatargas 4 are scheduled for around the end of the decade.
Contact:
Louise Denly
J. Ray McDermott Public Relations
P.O. Box 16961, Dubai
United Arab Emirates
Tel: +971 4 804 3293
Fax: +971 4 8834 330
In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, McDermott International, Inc. cautions that statements in this press release which are forward-looking and which provide other than historical information, involve risks and uncertainties that may impact McDermott's actual results of operations. The forward-looking statements in this press release include statements concerning the value, and project execution, of the of the Qatargas 3 and 4 Offshore Facilities project. Although McDermott's management believes that the expectations reflected in those forward-looking statements are reasonable, McDermott 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 uncertainties and risks. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. For a more complete discussion of these risk factors, please see McDermott's annual report on Form 10-K for the year ended December 31, 2005 and its quarterly reports on Form 10-Q.
McDermott is a leading worldwide energy services company. McDermott's subsidiaries provide engineering, fabrication, installation, procurement, research, manufacturing, environmental systems, project management and facilities management services to a variety of customers in the energy and power industry, including the U.S. Department of Energy. Its subsidiary, J. Ray McDermott, S.A. is a leading provider of solutions for the offshore field development worldwide.
Qatargas 3 and Qatargas 4
Qatargas 3 is an integrated project, jointly owned by Qatar Petroleum (68.5%), ConocoPhillips (30%) and Mitsui (1.5%). Qatargas 4 will be implemented through a joint venture between QP (70%) and Shell (30%). Each project comprises upstream gas production facilities to produce approximately 1.4 billion cubic feet per day of natural gas, including an average of approximately 70,000 bbl/d of Liquefied Petroleum Gas (LPG) and condensate combined from Qatar's North Field over the 25-year life of the project. The projects will each include a 7.8 million tonnes-per-annum LNG train. The first LNG cargos from Qatargas 3 are expected to be delivered in 2009. First LNG cargos from Qatargas 4 are scheduled for around the end of the decade.
Contact:
Louise Denly
J. Ray McDermott Public Relations
P.O. Box 16961, Dubai
United Arab Emirates
Tel: +971 4 804 3293
Fax: +971 4 8834 330
In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, McDermott International, Inc. cautions that statements in this press release which are forward-looking and which provide other than historical information, involve risks and uncertainties that may impact McDermott's actual results of operations. The forward-looking statements in this press release include statements concerning the value, and project execution, of the of the Qatargas 3 and 4 Offshore Facilities project. Although McDermott's management believes that the expectations reflected in those forward-looking statements are reasonable, McDermott 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 uncertainties and risks. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. For a more complete discussion of these risk factors, please see McDermott's annual report on Form 10-K for the year ended December 31, 2005 and its quarterly reports on Form 10-Q.
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