McDermott Awarded Contract for EPFC Work
McDermott to provide EPFC for six crude oil storage tanks
Houston, Feb. 12, 2020 /PRNewswire/ - McDermott International, Inc. today announced it has been awarded a contract by a major oil and gas operator for six crude oil storage tanks in Texas. The storage tanks will be part of an energy infrastructure project linking the Permian Basin in West Texas to the Texas Gulf Coast.
The scope of the project, which will be executed by CB&I Storage Solutions, includes the engineering, procurement, fabrication and construction (EPFC) of six floating roof crude oil tanks-four with a 500,000-barrel capacity each and two with a 250,000-barrel capacity each. Engineering, procurement and fabrication will be performed at the company's Houston Fairbanks office and fabrication facility.
"We have a strong track record of providing world-class storage solutions for major energy infrastructure projects all over the world," said Cesar Canals, Senior Vice President of CB&I Storage Solutions. "This new award is a testament to our service offerings and capabilities, including our vast experience in engineering, fabricating and constructing complex, large-scale storage tanks."
The award will be reflected in McDermott's fourth quarter 2019 backlog.
The contract range for this award is between USD $1 million and $50 million.
About McDermott
McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. It is called the "One McDermott Way." Operating in over 54 countries, McDermott's locally focused and globally-integrated resources include more than 42,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.
Contacts:
Investor Relations
Scott Lamb
Vice President, Investor Relations
+1 832 513 1068
Scott.Lamb@McDermott.com
Global Media Relations
Gentry Brann
Senior Vice President, Communications, Marketing and Administration
+1 281 870 5269
Gentry.Brann@McDermott.com
Local Area Media Relations
Matt Braud
Communications and Marketing, CB&I Storage Tank Solutions
+1 832 513 1556
Matthew.Braud@McDermott.com
Source McDermott International, Inc.
Web Site: www.mcdermott.com
