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McDermott wins Chevron subsea contract for Gulf of Mexico fields

Mar. 31, 2015 8:57 AM ETMcDermott International, Inc. (MDRIQ) StockBy: Carl Surran, SA News Editor
  • McDermott (MDR) is awarded a "sizeable" contract to install subsea infrastructure for an expansion of Chevron's Jack-St. Malo field in the Gulf of Mexico.
  • It is the second subsea project in the Jack and St. Malo fields that MDR has carried out for Chevron, which MDR says shows confidence in its ability to install subsea facilities in such challenging deepwater environments.
  • MDR says the value of the award is included in its Q1 backlog.

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