iPhone | iPad
Android
Huawei
Hotel occupancy rates at 80% were the highest in the region
KT APPDOWNLOAD
J.Ray McDermott gets two turnkey contracts
DUBAI — McDermott Arabia Company Ltd. (MACL), a subsidiary of J. Ray McDermott, S.A., has been awarded two turnkey contracts by Al Khafji Joint Operations (KJO), to provide engineering, procurement, construction and installation services for KJO developments in the Arabian Gulf.
The first contract is for an integrated wellhead jacket (IWJ) in the Al Khafji oil-field offshore Saudi Arabia.
The second contract will see J. Ray support the expansion of KJO's loading facilities in the offshore Neutral Zone between Saudi Arabia and Kuwait. Projects of this type are typically valued over $50 million.
"This is a great opportunity for us to offer KJO our integrated, turnkey capabilities in carrying out their latest field development projects in the Gulf," said Hafez Aghili, vice president and general manager, Middle East and India, of J. Ray McDermott, S.A.
"The IWJ-4 jacket is the fourth wellhead jacket that J. Ray has recently undertaken for KJO; in October 2004 we successfully completed the fabrication and installation facilities of two integrated well jackets, three months ahead of schedule.
The new IWJ wellhead platform, weighing approximately 1,100MT, is similar to other IWJs. The structure, including jacket, piles, and deck will be fabricated at J. Ray's Jebel Ali yard under a fully integrated project management team. "Detailed engineering work will begin this month at our design office in Jebel Ali, with fabrication planned to commence by the middle of this year."
More news from Business
GCC banks have consistently maintained a higher return on equity
FCA asks senior leaders to take personal responsibility for ensuring rules have been complied with
The deal has come under increasing criticism from U.S. politicians
Several checks and balances are already in place to monitor overseas investments
A spokesman for the brand, part of Volkswagen group , on Tuesday described Longo as a person of 'great integrity, culture, capability and sensitivity'
A common challenge for businesses is determining the commencement of their first tax period
ADIB’s rating has been elevated to AA from A in the annual update