Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Second_Titan who wrote (81638)	12/13/2000 9:02:23 PM
From: Razorbak	Respond to of 95453

"J. Ray McDermott Completes Pipeline Installation for Shell's Brutus Project in the Deepwater Gulf of Mexico" Wednesday December 13, 5:04 pm Eastern Time Press Release MORGAN CITY, La.--(BUSINESS WIRE)--Dec. 13, 2000--J. Ray McDermott, a subsidiary of McDermott International, Inc. (NYSE:MDR - news), recently completed the installation of oil and natural gas pipelines for the Brutus project in the deepwater Gulf of Mexico. Owned by Shell Exploration & Production Company, Brutus is located in approximately 3,000 feet of water, 165 miles southwest of New Orleans. Pipeline installation was accomplished utilizing J. Ray McDermott's Derrick Barge 16, a dynamically positioned vessel that is equipped with a new modular S-Lay system. Work crews installed a 20-inch oil pipeline approximately 24 miles in length from South Timbalier 301 to Green Canyon 158. Additionally, a 20-inch natural gas pipeline approximately 23 miles in length was extended from Ship Shoal 332 to Green Canyon 158. Water depths of the pipelines range from 333 feet to 3,010 feet. At the end of each pipeline, steel catenary risers (SCR) were installed using the S-Lay system and laid on the seafloor. These SCRs will be raised and suspended from the Brutus tension leg platform in Spring of 2001. Construction of the topsides for Brutus is nearing completion at J. Ray McDermott's fabrication facilities near Morgan City. Delivery of the topsides is scheduled early next year. J. Ray McDermott has previously completed work on four other Shell tension leg platform (TLP) projects. Brutus marks the fifth TLP deck that J. Ray McDermott has fabricated for Shell. J. Ray McDermott is a leading worldwide marine construction company. Its services include design, fabrication and installation of spar platforms; design and installation of subsea facilities; design, fabrication, and installation of new and refurbished bottom-founded offshore platforms; and, installation of offshore pipelines for the oil and gas industry. -------------------------------------------------------------------------------- Contact: McDermott International, Inc. Public Relations, Morgan City: Lisa T. Williams, 504/631-8609 ltwilliams@mcdermott.com or Media Relations, New Orleans: Pierre DeGruy, 504/587-6451 pvdegruy@mcdermott.com biz.yahoo.com