McDermott wins $1B-plus contract to build Golden Pass LNG export project

|About: McDermott International, Inc. (MDR)|By:, SA News Editor

McDermott (MDR +1.6%) and joint venture partners Chiyoda International and Zachry Group are awarded a "mega" contract to build the Golden Pass LNG export project in Sabine Pass, Tex.; MDR defines a "mega" contract in excess of $1B.

MDR and partners will perform engineering, procurement, construction and commissioning of three 5.2M tons/year liquefied natural gas trains with an expected production capacity of 16M tons/year of LNG.

Exxon Mobil and Qatar Petroleum today announced a final investment decision to build the $10B-plus project.

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