McDermott Secures Contracts from Shell and Santos
Posted 29/11/2023 15:52
McDermott International Ltd has received a "limited notice to proceed" for an engineering, procurement, construction, and installation (EPCI) contract from Shell Trinidad and Tobago Limited for the Manatee gas field development project off the east coast of Trinidad and Tobago. The contract, still contingent on a final investment decision from Shell, involves the design, procurement, fabrication, transportation, installation, and commissioning of a wellhead platform and offshore and onshore gas pipelines. The contract value has not been disclosed.
Mahesh Swaminathan, McDermott's Senior Vice President for Subsea and Floating Facilities, highlighted the company's successful track record and integrated EPCI capabilities. The Manatee field, part of the Loran-Manatee field, has an estimated resource of 10.04 trillion cubic feet of natural gas, with 2.712 trillion cubic feet falling within the Manatee portion. Shell, with a 100 percent working interest, plans to drill eight new development wells from an unmanned offshore platform.
In a separate announcement, McDermott revealed it had won a "sizeable" engineering, procurement, removal, and disposal contract from Santos Ltd for the offshore decommissioning of the Campbell platform structure in the Varanus Island Hub offshore infrastructure in Western Australia. The scope includes project management, engineering services, and the removal and transportation of the platform topsides, substructure, and associated items to an onshore facility for dismantling and disposal. This marks McDermott's fourth decommissioning project in Australia in the last two years.
Mahesh Swaminathan emphasized McDermott's commitment to timely, safe, and environmentally responsible removal of infrastructure at the end of its operational life cycle, contributing to sustainability commitments and the circular economy for a lower carbon future. The sizeable contract is defined by McDermott as between $1 million and $50 million.