McDermott bags TT, Indonesia deals

Multinational

HOUSTON, January 25, 2019 – McDermott International has been awarded projects in Trinidad and Tobago and Indonesia, the EPC firm announced on Thursday.

It has received a “significant” deal – valued at between USD 250 million and USD 500 million – to work on BP’s Cassia Compression Platform offshore Trinidad and Tobago. McDermott has also scored a “sizeable” contract – valued at between USD 1 million and USD 50 million – for eight ethylene cracking heaters at the Chandra Asri Perkasa plant in Indonesia. The company did not specify the price tag of either contract further.

The news came also as Australian independent Santos announced that it had agreed to sell its 50% stake in the Ande Ande Lumut crude development offshore Indonesia to Mitsui for an unspecified amount.

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