McDermott lands contract from Pemex for new Abkatun platform

Houston-based oil industry service provider McDermott International has landed a $454m contract from Mexico’s state oil firm Pemex to work on a platform project in the Gulf of Mexico.

NYSE-listed McDermott will provide engineering, procurement, construction and installation (EPCI) services on the Abkatun-A2 platform to be located in the Bay of Campeche and it will be the company’s largest project yet for Pemex.

McDermott, which saw off rival bids from Spain’s Dragados Offshore and Mexico’s Cisco, expects to use its Altamira fabrication yard in Mexico.

Abkatun-A2 is needed to replace a platform that was destroyed in a catastrophic fatal fire last April. The blaze on the Abkatun-A Permanente platform killed seven workers (although the bodies of three of them were never recovered).

This is the latest in a series of commissions McDermott has won from Pemex.

The platform is scheduled to be completed and handed over to Pemex by the fourth quarter of 2018.

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