J Ray McDermott Receives Drilling Contract From Pemex

McDermott International has announced that its J Ray McDermott subsidiary has been awarded a contract by Pemex Exploracion y Produccion’s northeast Marine Region division for the fabrication of the Maloob-C drilling platform.

The project is located in the Ku-Maloob-Zaap field in the Bay of Campeche, Mexico, in 269 feet of water. Work on the drilling platform is scheduled to begin at Altamira in February 2008, and it is expected that over 275 craftsmen and professionals will be involved with the project.

Designed to sustain 18 wells, the drilling platform will have a 3,200-short ton eight-legged jacket and a two-level deck weighing just over 2,500 short tons, with more than 3,300 short tons of piles. The contract is expected to be completed in the first quarter of 2009.

Bob Deason, president and CEO of J Ray McDermott, said: “This is the first project award for our new facility at Altamira, Mexico. I believe the Altamira facility will prove increasingly valuable for J Ray in the coming years with its capabilities and deep water access to the Gulf of Mexico.”