Gulf Oil and Gas accountACCOUNT

McDermott JV Awarded Module Fabrication Contract for Arctic LNG Project

Source: www.gulfoilandgas.com 9/17/2019, Location: Asia

McDermott International has announced that its joint venture Qingdao McDermott Wuchuan Offshore Engineering (QMW) in Qingdao, China, has been awarded a large contract to provide three complex modules for the Arctic LNG 2 Project in the Yamal-Nenets Autonomous Region in Russia.

'This award recognizes QMW's experience and excellent performance in the Arctic on an earlier Yamal LNG project. It is further evidence that QMW is a tier one module fabricator in the LNG market. Fabrication will be completed in QMW's mega module workshop which provides increased certainty for safety, schedule and successful project delivery,' said McDermott's Senior Vice President Asia Pacific, Ian Prescott.

The scope includes the fabrication of three Pre-Assembled Unit Complex Process Modules. QMW will undertake fabrication engineering, partial procurement, construction and pre-commissioning scope. Fabrication for the modules is scheduled to commence at the end of 2019 and be completed in mid-2022.

McDermott defines a large contract as between USD $50 million and USD $250 million. The designation refers to McDermott's share of the award via its joint venture. Because QMW is accounted for as an equity method joint venture, its associated backlog is not included in McDermott's publicly reported RPO backlog (Remaining Performance Obligation backlog).

LNG Processing News in Russia >>

United States >>  6/2/2020 - The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012, with demand in summer 2020 expected...
Norway >>  5/26/2020 - Nordic energy company Gasum has inked an LNG bunkering deal with Rotterdam shipping company Samskip. Samskip owns two single fuel vessels Samskip Kvit...

Georgia >>  5/22/2020 - Kinder Morgan Inc. is bringing production units back online at its Elba Island liquefied natural gas (LNG) export facility in Georgia after a fire at ...
United States >>  5/18/2020 - NextDecade Corporation reported its first quarter 2020 results. The Company is also confirming its strong financial position and providing an update o...

United States >>  5/18/2020 - McDermott International and its joint venture partner, Chiyoda International, a U.S.-based wholly-owned subsidiary of Chiyoda Corporation, Japan, have...
Russia >>  5/13/2020 - Yamal LNG (Yamal LNG) announced the scheduled maintenance of the second and third LNG trains with consecutive shutdowns for 12 days each from 21 May t...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 |

Oil & Gas Projects in Russia >>

More News

Related Links

Gulf Oil and Gas
Copyright 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.