McDermott bags contract from Qatargas

Houston-based McDermott has won a major subsea contract worth up to $1.5 billion from LNG producer Qatargas, a unit of QatarEnergy.

McDermott said in a statement it will deliver engineering, procurement, construction, and installation (EPCI) for the North Field production sustainability (NFPS) offshore fuel gas pipeline and subsea cables project, COMP1.

Furthermore, the COMP1 project is part of the NFPS offshore compression project involving the installation of new assets in Qatar’s North Field.

This includes compression complexes at seven locations to sustain gas supply to the existing LNG production trains into the future, it said.

The US firm defines a major contract as between $750 million and $1.5 billion.

According to McDermott, the scope of the contract includes the installation of 190 kilometers of 32″ diameter subsea pipelines and also 17 kilometers of subsea composite cables.

It also includes installing 186 kilometers of fiber optic cables and 10 kilometers of onshore pipelines.

The McDermott Doha office will manage the project, while fabrication will take place at QFAB, the McDermott-Nakilat joint venture fabrication yard in Qatar, it said.

Giant LNG expansion

This contract award follows the North Field Expansion project (NFXP) contract awarded to McDermott in 2022.

Currently under execution, this project remains one of the largest contracts ever awarded to McDermott, the firm said.

State-owned QatarEnergy is significantly increasing LNG production from the North Field.

This first phase of the expansion project will increase Qatar’s LNG production capacity from 77 to 110 MTPA, while the second phase will further boost capacity to total 126 MTPA.

“As we continue to progress the NFXP offshore contract awarded to us last year, we are helping the State of Qatar expand LNG production from 77 to 126 MTPA via the new LNG trains under construction,” Mike Sutherland, McDermott senior VP, offshore Middle East, said in the statement.

Sutherland added that the firm is “delighted to deliver this key pipeline and cable infrastructure” and support the extension of the production plateau for the existing LNG trains.

Most Popular

LNG shipping rates continue to decrease

Spot LNG freight shipping rates in both basins continued to decrease this week, while European prices increased compared to last week.

US LNG exports climb to 34 cargoes

US liquefied natural gas (LNG) plants shipped 34 cargoes during the week ending April 16. According to the Energy Information Administration, pipeline deliveries to the LNG terminals increased compared to the prior week.

Adnoc, ENN seal 15-year LNG SPA

UAE’s Adnoc has signed a 15-year sales and purchase agreement with Chinese independent gas distributor ENN to supply the latter with LNG from its LNG terminal in Al Ruwais.

More News Like This

QatarEnergy LNG carrier named in China

China’s Hudong-Zhonghua hosted a naming ceremony for one 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program.

Canada’s Woodfibre LNG to start taking module deliveries in summer

Canada’s Woodfibre LNG, a joint venture of Pacific Energy and Enbridge, has almost completed the marine offloading facility at the site of its LNG export facility near Squamish, British Columbia, paving the way for the arrival of preassembled modules from China starting this summer.

Larsen & Toubro scores QatarEnergy LNG gig

A unit of India’s engineering and construction firm Larsen & Toubro has secured an offshore contract from LNG producer QatarEnergy LNG, a unit of QatarEnergy. This deal, worth more than $1.75 billion, is the largest single contract ever received by L&T.

QatarEnergy LNG carrier completes trials in China

A 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program has completed its trials in China, according to Hudong-Zhonghua.