McDermott is expected to land a major offshore pipe and pipelaying contract from Qatargas for the massive North Field sustainability (NFPS) project, Upstream reported, citing multiple people with direct knowledge of the development.
According to the report “McDermott has been chosen as the preferred contractor by the Qatari state giant for carrying out work on the NFPS engineering, procurement, construction and installation package 1 (EPCI 1)—expected to be potentially worth more than $1 billion.”
“McDermott is likely to carry out work on EPCI 1 with a formal announcement expected within days,” one person noted.Â
Contract awards
Last month, Malaysia’s Ranhill Utilities confirmed that its joint venture with global engineering major Worley was awarded an engineering contract for work on giant offshore compression facilities for the NFPS project.
The contract worth approximately $50 million from a subsidiary of Italy’s Saipem includes engineering design work, which is expected to be completed by the third quarter of 2024.
Last year, Saipem was awarded a record $4.5 billion engineering, procurement, fabrication and installation contract by Qatargas for the same project.
Its EPCI workscope includes two offshore natural gas compression complexes intended to sustain production at the North Field, the company said.
QatarEnergy is carrying out the first expansion phase of North Field East, costing about $28.75 billion, which will increase its liquefied natural gas output to 110 million tonnes per annum (mtpa) by 2026, from the current capacity of 77 mtpa.
The second phase, North Field South, will further increase Qatar’s LNG production to up to 126 mtpa.