OCTOBER 18, 2012 — McDermott International, Inc. (NYSE: MDR) reports that a subsidiary has been awarded contracts to refurbish and undertake rig repair work at the McDermott Altamira fabrication facility in Tamaulipas, Mexico.
The two jack-up rigs involved are of Friede & Goldman L-780 Mod II design and will undergo significant improvement work to re-instate them to ABS classification. This will include steel hull, piping, machinery, and electrical renewal, as well as blasting, painting and commissioning support. Work is scheduled to begin in the last quarter of 2012.
McDermott says its Altamira fabrication facility offers an ideal location to accommodate rigs and semi-submersible hulls with its expansive 1,640-foot quayside, water depth of 41 feet and less than three nautical miles tow distance to the deepwater Gulf of Mexico.