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Thursday, 14 July 2011

McDermott in Murphy Malaysian EPIC

Murphy Oil and McDermott have signed a deal that will see the US contractor provide engineering, procurement, construction, installation and commissioning of pipelines for a project in Malaysia.

The contract, which will be carried out by McDermott’s Malaysian subsidiary, includes the transportation and installation of an umbilical and subsea hardware package, McDermott said in a release.

Financial terms of the deal were not disclosed.

Engineering work on the Kikeh Subsea Expansion Project has already begun and is expected to be completed in the third quarter of next year, McDermott said.

The Kikeh field, the site of Malaysia’s first deep-water oil discovery, is located 120 kilometres north-west of Labuan, Malaysia, in 1350 metres of water.

US independent Murphy operates the field with an 80% working interest. State-owned company Petronas holds the remaining 20%.