OREANDA-NEWS. McDermott International, Inc. (NYSE:MDR) announced today that it has been awarded a large contract by an upstream oil and gas operator for a project offshore in the Middle East. 

The scope includes engineering, procurement, fabrication, transportation and installation of offshore pipelines. Engineering and offshore mobilization of McDermott’s in-house vessels has commenced for this fast-track assignment, with project completion expected by the end of this year.

“The Middle East market remains very active and continues to be a focus for McDermott and we are pleased with our customers’ continued trust in our capabilities in executing offshore EPCI work in the region,” said Linh Austin, Vice President, Middle East Area. “The nature of this fast-track project was ideally suited to our vertically integrated capabilities involving our engineering, project management and procurement teams based in Dubai, as well as our marine assets in the region that addressed all the project drivers to deliver the best customer-focused solution.”

The contract award will be reflected in McDermott’s first quarter 2016 backlog.

McDermott is a leading provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide. The Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for complex Offshore and Subsea oil and gas projects to help oil companies safely produce and transport hydrocarbons. Our clients include national and major energy companies. Operating in more than 20 countries across the world, our locally focused and globally integrated resources include approximately 10,600 employees, a diversified fleet of specialty marine construction vessels, fabrication facilities and engineering offices. We are renowned for our extensive knowledge and experience, technological advancements, performance records, superior safety and commitment to deliver. McDermott has served the energy industry since 1923 and is listed on the New York Stock Exchange.  As used in this press release, McDermott includes McDermott International, Inc. and its subsidiaries and affiliates.