Press

POSCO DAEWOO Corp. Selects McDermott and BHGE for SURF and Subsea Contract for Myanmar Gas Field Development


  • McDermott and consortium partner Baker Hughes, a GE company (BHGE), awarded phase two of the Shwe gas field development, offshore Western Myanmar
  • Project scope includes subsea umbilicals, risers and flowlines (SURF), subsea production systems (SPS) for an eight-well development and modifications to tie-back the new facilities to an existing platform
  • The award follows the completion of a front-end engineering and design (FEED) competition and tender for the engineering, procurement, construction, installation and commissioning (EPCIC) scope by the consortium

McDermott International, Inc. (NYSE: MDR) and Baker Hughes, a GE company (NYSE: BHGE), have announced the award of a contract by POSCO DAEWOO Corp. for phase two of the Shwe gas field development offshore Western Myanmar.

The McDermott-led consortium took part in a FEED competition in 2017.  The successful execution of the FEED followed by the EPCIC tender led to the award of this project.

The EPCIC scope covers SURF and SPS for an eight-subsea-well development at a water depth of between 279 feet (85 meters) and 466 feet (142 meters). It also covers brownfield modifications to tie-back the new subsea facilities to the existing Shwe platform.

"McDermott's strategic alliance with BHGE is a combination of two leaders in subsea development," said Ian Prescott, McDermott Senior Vice President for Asia Pacific. "Together, we offer comprehensive, cost-efficient and advanced technical solutions for our customers. McDermott's expertise in executing large and complex EPCIC projects in Asia will help us deliver certainty during the next phase of this important gas field development."

Graham Gillies, Vice President-Subsea Production Systems & Services at BHGE, said, "Cost efficiency and productivity are top priorities for our customers and are fundamentally changing the way we work and partner across the industry to deliver the solutions they need. Through early engagement and close collaboration with POSCO DAEWOO, the consortium was able to offer the optimum solution. This win demonstrates the value the consortium can create through early engagement with customers, adoption of standardized technology solutions and efficiency of project execution."    

McDermott will undertake the EPCIC of SURF and brownfield modification scopes, using its regional center of excellence for project management and engineering in Kuala Lumpur, Malaysia. The SURF structures and production manifolds will be fabricated in the Asia Pacific region. McDermott also will execute the installation and commissioning phase, with Field Service Engineering expertise and tooling support from BHGE's base in Singapore.  Installation of SURF and SPS components will be carried out using McDermott's state of the art pipelay assets, including the Derrick Lay Vessel 2000.

BHGE will supply the SPS scope, including eight Medium-water Horizontal Xmas Trees (MHXT), eight subsea production control systems and distribution equipment, and topside controls.

McDermott's portion of this award is classified as a large *contract, which will be reflected in its second quarter 2018 backlog.  The contract's final delivery is scheduled for 2022.

The Shwe field development consists of the Shwe, Shwe Phyu and Mya offshore gas fields, located in blocks A-1 and A-3 of the Bay of Bengal, Myanmar. The project is operated by POSCO DAEWOO Corp. and is being developed by a consortium of five companies, including POSCO DAEWOO Corp., Myanma Oil and Gas Enterprise, Oil and Natural Gas Corp.Videsh Limited, Gas Authority of India and Korea Gas Corporation.

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


Visit source site

investors.bhge.com/news-releases/news-release-deta...

POSCO DAEWOOMcDermottMyanmargasGas FieldsurfBHGEBaker HughesShe Gas FieldSubseawell

More items from oilvoice


Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice


Posted 17 days agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice


Posted 5 months agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice


Posted 5 months agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice


Posted 5 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice


Posted 5 months agoPress > TotalDividend
All posts from oilvoice