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McDermott Awarded Multiple EPFC Contracts for Storage Tanks

Source: www.gulfoilandgas.com 4/29/2020, Location: Middle East

McDermott International, Inc. announced CB&I Storage Solutions has been awarded one large* and two sizeable* contracts for the engineering, procurement, fabrication and construction (EPFC) of 38 tanks and 13 spheres in multiple locations across Saudi Arabia.

"CB&I Storage Solutions has had a significant presence and strong track record in Saudi Arabia since the 1930s," said Cesar Canals, Senior Vice President of CB&I Storage Solutions. "This experience, and our strong partnerships with international contractors and major oil & gas operators, has established us as one of the most reliable providers of storage and EPFC solutions in the country."

The awards will be reflected in McDermott's first quarter 2020 backlog.

*McDermott defines a sizeable contract as between USD $1 million and $50 million and a large contract as between USD $50 million and $250 million.

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