Drilling Magazine Media Intelligence, Contextual Wisdom
HOUSTON — McDermott International, Inc., announced today a contract award from Hess Corporation for subsea tie-back work for its deepwater Penn State Deep (PSD) field in the Gulf of Mexico.
“This marks our first project with Hess Corporation in recent history and we look forward to providing industry-best operational excellence, quality and safety,” said Scott Munro, McDermott’s V.P. for Americas, Europe and Africa.
The PSD field is found in the Garden Banks 216 Block in approximately 1,500 ft of water. Discovered in 1996, PSD field began production in 1999.
The lump sum contract will be reflected in McDermott’s first-quarter 2017 backlog.
Source: www.worldoil.com