McDermott Secures Major EPCI Contract with ADNOC for Umm Shaif Development

McDermott Wins Mega EPCI Contract from ADNOC to Propel Umm Shaif Field Development

In a strategic move to enhance gas production, McDermott, a leading engineering and construction firm, has been awarded a substantial engineering, procurement, construction, and installation (EPCI) contract by ADNOC for the pivotal Package 4 of the Umm Shaif Integrated Gas Cap and Surface Pressure Boosting (SPB) Project. This initiative is part of ADNOC's overarching Long Term Development Plan (LTDP) aimed at maximizing gas recovery from the Umm Shaif field.

Project Overview

The awarded contract will see McDermott, in collaboration with its Qingdao McDermott Wuchuan (QMW) consortium, taking responsibility for the complete EPCI scope for a state-of-the-art surface pressure boosting facility. This includes the intricate construction and installation of a heavy jacket and topside, along with various modifications to existing brownfield structures. Notably, once completed, the topside is anticipated to rank among the heaviest offshore modules ever set in place across the Middle East, marking a significant milestone in the region's energy sector.

Confidence and Commitment

Mike Sutherland, Senior Vice President of McDermott’s Offshore Middle East operations, expressed his enthusiasm regarding the award: “This contract is a testament to ADNOC’s trust in McDermott’s capabilities in executing complex offshore projects safely and effectively.” He emphasized the importance of leveraging McDermott’s vast regional experience and integrated execution competencies to meet ADNOC's production targets.

Angela De Vincentis, Vice President of Operations for McDermott in the Offshore Middle East, echoed these sentiments, noting, “We are thrilled to broaden our involvement in the development of the Umm Shaif field in a systematic and sustainable manner, aligned with ADNOC's vision for energy growth.”

Localized Execution and Global Reach

The engineering and project management for this critical project will be spearheaded from McDermott's operational hub located in the United Arab Emirates. Meanwhile, fabrication processes will be conducted at QMW, the company's joint venture fabrication yard based in Qingdao, China. This global yet localized approach underscores McDermott's commitment to delivering efficient and high-quality construction solutions to meet global energy needs.

The Importance of a Mega Contract

It is noteworthy that McDermott categorizes contracts exceeding USD $1 billion as 'mega contracts.' As oil production and gas recovery continue to be pivotal sectors within the energy industry, such large-scale contracts signal significant investments into infrastructure capable of supporting future energy demands.

About McDermott

McDermott is recognized as a premier provider of integrated engineering and construction solutions tailored for the energy sector. The company prides itself on a technology-driven methodology designed to responsibly harness and convert global energy resources into essential products that cater to the demands of the world. Operating in over 30 countries, McDermott employs a workforce of more than 30,000 professionals, supported by a fleet of specialized marine construction vessels and diversified fabrication facilities situated around the globe. To explore more about McDermott and their initiatives, visit www.mcdermott.com.

As risks and uncertainties are intrinsic to such large projects, McDermott remains cautiously optimistic about achieving the outlined objectives in this forward-looking venture. Stakeholders are reminded to consider these statements with a critical eye, given the potential market fluctuations and project dynamics that could influence outcomes.

In conclusion, McDermott’s recent contract win with ADNOC serves as a vital step in advancing the Umm Shaif field's development and highlights the company’s ongoing commitment to innovation and excellence within the energy sector.