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Stock impact report

McDermott Completes Pipeline Installation for Greater Western Flank Phase 2 Project in Australia

MCDERMOTT INTL (MDR) 
Last mcdermott intl earnings: 11/4 04:15 pm Check Earnings Report
Company Research Source: PR Newswire
PERTH, Australia, Sept. 4, 2018 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today it has successfully completed the contract for phase two of the Greater Western Flank project. The contract was awarded by Woodside Energy Ltd in January 2016. McDermott was responsible for the procurement, fabrication, installation and testing of a series of pipeline buckle initiators, pipeline end terminations and foundation mudmats, in-line tee structures and approximately 21 miles (35 kilometers) of a 16-inch (40 centimeters) corrosion resistant alloy (CRA) pipeline extending from the existing Goodwyn A Platform to the Lady Nora and Pemberton field manifold locations."McDermott's strong execution capability is one of the reasons why clients continue to entrust their most important projects to us," said Ian Prescott, McDermott's Senior Vice President for Asia Pacific. "Greater Western Flank 2 is a testament to our execution, preparation and vertical inte Show less Read more
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