McDermott Awarded EPC Contract for CB&I® Storage Tanks in Saudi Arabia
MCDERMOTT INTL (MDR)
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mcdermott-investors.com/phoenix.zhtml?c=96360&p=irol-calendar_pf
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Source: PR Newswire
DUBAI, United Arab Emirates, July 23, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today it has been awarded a sizeable* contract from Samsung Engineering Saudi Arabia Company Ltd. for engineering, procurement and construction (EPC) of CB&I® Storage Tanks for the Jubail United Petrochemical Company (JUPC) Ethylene Oxide (EO)/Ethylene Glycol (EG) Plant No. 3 at Jubail, Kingdom of Saudi Arabia.The fixed lump sum contract encompasses the engineering, procurement and fabrication of 23 CB&I storage tanks and modification of two existing tanks. Work on the project will predominantly be executed from Saudi Arabia utilizing McDermott's local capabilities and facilities."McDermott and Samsung have a long track record of successful collaboration and safe execution in the Middle East," said Linh Austin, Senior Vice President, Middle East and North Africa. "Our extensive experience in Saudi Arabia combined with our unparalleled technical competency in the storage secto
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