McDermott Nets Megalodon Platform Installation Job in GoM

McDermott International, Inc. announced that one of its subsidiaries was awarded a contract to provide transportation and installation services to Walter Oil & Gas Corporation (“Walter”) for the Megalodon platform destined for South Timbalier Block 311 in the Gulf of Mexico.

The project is expected to be included in McDermott’s third quarter 2014 backlog.

“McDermott is pleased to work again for Walter to support its drilling and production activities,” said Dominic Savarino, Vice President and General Manager, Americas. “This project supports our goal to maximize our asset utilization between large contracts through short term transportation and installation work.”

McDermott will provide all materials and equipment to transport and install the six-pile platform in 391 feet of water, over an existing well site. The heavy-lift Derrick Barge 50 will perform a side-lift of the 3,300-ton jacket and set the 2,100-ton topsides. Installation is expected to commence in the fourth quarter of 2014.

Press Release, July 21, 2014

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