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McDermott wins subsea equipment contract for Shell’s Great White Frio

Published 11/27/2018, 10:14 AM
Updated 11/27/2018, 10:14 AM
© Reuters.  McDermott wins subsea equipment contract for Shell’s Great White Frio
  • McDermott (MDR +1.3%) says it was awarded a "sizable contract" from Royal Dutch Shell (LON:RDSa) (RDS.A, RDS.B) for new subsea umbilical and flowline installation at the Great White Frio development in the U.S. Gulf of Mexico; MDR defines a sizeable contract as up to $50M.
  • MDR says the scope of work includes project management and engineering; installation of a flexible flowline from the well to a pipeline end termination; installation of a 2K-ft. steel flying lead; and installation of two electrical flying leads in a water depth of 8K ft.
  • The Great White development is "a pioneer deepwater oil and gas project that has unlocked a new frontier of energy development in the Gulf of Mexico's Lower Tertiary Paleogene."
  • Now read: Royal Dutch Shell: Best Dividend-Growth Combo In The Market


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