McDermott Wins Scarborough EPCIC Contract

HOUSTON, Jan. 10, 2022 /PRNewswire/ -- After successfully completing the Front-End Engineering Design (FEED) for the Scarborough Project, McDermott International has been awarded a contract by Woodside, as Operator for and on behalf of the Scarborough Joint Venture, for the engineering, procurement, construction, installation and commissioning (EPCIC) services for its Floating Production Unit (FPU) offshore Western Australia. The integrated scope also includes the design, fabrication, integration, transportation and installation of the hull and topsides.

"McDermott brings the engineering and execution expertise to deliver integrated deepwater subsea projects and offshore FPUs to the highest standards," said Samik Mukherjee, Executive Vice President and Chief Operating Officer. "After a long engagement on the project, the collaborative execution model with Woodside-from pre-FEED through to EPCIC-de-risks execution. Further, the facilities incorporate energy efficiency in design to reduce Scarborough's offshore emissions."

The topside, which will be approximately 30,000 tons, will be fabricated by McDermott's joint venture fabrication yard, Qingdao McDermott Wuchuan, in China. The project scope includes a battery energy storage system to reduce emissions on the topsides and support Woodside's net emissions reduction targets.

"McDermott will apply our long history of successful integrated project delivery for the Scarborough Project, along with our deepwater expertise and industry-leading health and safety standards to drive this incredible project to completion," said Mahesh Swaminathan, Senior Vice President, Asia Pacific.

Engineering expertise will be leveraged from McDermott's Kuala Lumpur and Gurgaon offices, with McDermott's long-established subsea team in Perth supporting transport, installation, hook up and commissioning activities.

The FPU processes natural gas, which includes gas separation, dehydration and compression as well as mono ethylene glycol regeneration and produced-water handling. Designed for a production capacity of up to 1.8 billion standard cubic feet per day, the topside will be connected to the semi-submersible hull and pre-commissioned prior to transportation and installation in a water depth of 3,100 feet (950 meters), approximately 248 miles (400 kilometers) offshore Western Australia. The FPU will be capable of being remotely operated and minimally staffed during normal production operations.

About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott's innovative expertise and capabilities advance the next generation of global energy infrastructure-empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott's locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

About Scarborough
The Scarborough Joint Venture comprises Woodside Energy Scarborough Pty Ltd (73.5%) and BHP Petroleum (Australia) Pty Ltd (26.5%). Woodside and BHP announced on 22 November 2021 that a final investment decision has been made by the Scarborough Joint Venture to proceed with the Scarborough Project.

Forward-Looking Statements
McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about the expected scope and execution of the project discussed in this press release. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customers and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott's management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.

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Communications and Marketing, APAC
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SOURCE McDermott International, Ltd