McDermott International has inked a deal to provide transport and installation services for two gas and condensate field developments off Vietnam.
McDermott, recently the subject of a failed takeover bid from Subsea 7, was awarded the contract by PetroVietnam Technical Services Corporation (PTSC).
The company said the work was worth somewhere between $1-$50million.
The Sao Vang and Dai Nguyet gas and condensate field developments are located in the Nam Con Son Basin, located offshore Vietnam.
McDermott will work on the central processing platform jacket, topside float-over, wellhead platform, flexible pipelines, subsea power cables and auxiliary services.
Installation will be carried out at water depths of between 110 meters (360 feet) and 130 meters (430 feet).
McDermott plans to use resources from Kuala Lumpur, Dubai and Houston for project management and engineering. The work will be performed from 2019 to 2021.
Ian Prescott, McDermott’s senior vice president for Asia Pacific, said: “McDermott has a strong track record in executing offshore projects in Vietnam and in delivering solutions for PTSC.”
“In the last two decades, we have provided engineering, procurement, construction and installation work for large, central processing platforms to pipeline installations in the region.
“This award enhances our position as a leading integrated oil and gas service provider in the region and reinforces that our experience and local knowledge will ensure project certainty with quality results.”