McDermott awarded Shwe Phase 3 development FEED contract

Source: press release, 24 September 2019

McDermott’s ‘Intermac 650’ is the world’s second-largest float-over installation vessel, and its four double-action hydraulic jacks can be arranged to load a structure from shore and to reposition it offshore for launching or float-over installation
McDermott’s ‘Intermac 650’ is the world’s second-largest float-over installation vessel, and its four double-action hydraulic jacks can be arranged to load a structure from shore and to reposition it offshore for launching or float-over installation (photo: McDermott)

McDermott International, Inc. has announced that it was awarded a sizeable front-end engineering design (FEED) contract by POSCO INTERNATIONAL Corporation for the Shwe Phase 3 gas field development, located offshore Myanmar.

“This award is a testament to McDermott’s excellent FEED and EPCIC project delivery capability on large central production platform facilities. We look forward to continuing to work with POSCO INTERNATIONAL Corporation to meet Myanmar’s growing energy demands,” says Ian Prescott, Senior Vice President, Asia Pacific.

The Shwe field is approximately 70 kilometres offshore Myanmar. The scope of work includes FEED services for a new compression platform, a bridge link and modifications in existing platform.

Commencing in Q3 2019, the work will be undertaken in McDermott’s Center of Engineering Excellence in Kuala Lumpur and is scheduled for completion in the second quarter 2020.

The award will be reflected in McDermott’s third quarter 2019 backlog.

Note: McDermott defines a sizeable contract as between USD 1 million and USD 50 million.