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Houston-based J. Ray McDermott (“J. Ray”), a
subsidiary of McDermott International, Inc.,
is upgrading its primary Gulf of Mexico derrick / pipelay barge, DB50 for future
deepwater projects, by adding new thrusters
and increasing its electrical power supply.
The DB50 will have its entire power plant
replaced with
new diesel-engine generator sets totaling
19.2
megawatts, new switchboards and a
state-of-the-art power management/alarm
system. Also, the existing four
2.4 megawatt controlled pitch thrusters will
be replaced with
six new 2.4 megawatt fixed pitch /
variable AC drive thrusters, which will
provide 44 tons of thrust each. In addition,
the freshwater and saltwater cooling system
and the supply/exhaust ventilation
system will be upgraded in both engine and
thruster machinery spaces. The dynamic
positioning control system was upgraded in
2007 with new hardware.
”This investment in DB50
will significantly increase the
station-keeping capability of the vessel,
allowing it to operate in more severe
weather conditions and the two additional
thrusters will greatly increase redundancy,”
said John Nesser, J. Ray’s Executive Vice
President and Chief Operating Officer.
“These improvements, along with other
modifications to ship’s systems over the
three year upgrade program
will
add tremendous value to the vessel’s
capabilities, which will ultimately prove
beneficial to our customers’ deepwater
projects.”
DB50 is J. Ray’s Gulf
of Mexico premier heavy-lift and
pipelay vessel, capable of lifting loads up
to 4,400 tons, and laying pipe through
Reel-Lay and J-Lay up to 20 inches in
diameter, in more than 9,000 feet of water.
J. Ray McDermott, S.A., a subsidiary of McDermott
International, Inc., and its subsidiaries provide
engineering, construction, procurement, installation
and project management services to offshore oil and
gas developments worldwide.
McDermott International, Inc. is an engineering and
construction company, with specialty manufacturing and
service capabilities, focused on energy infrastructure.
McDermott’s customers are predominantly utilities and
other power generators, major and national oil
companies, and the United States Government. With its
global operations, McDermott operates in more than 20
countries with more than 25,000 employees.
In accordance with the Safe Harbor provisions of the
Private Securities Litigation Reform Act of 1995,
McDermott International, Inc. cautions that statements
in this press release which are forward-looking and
which provide other than historical information, involve
risks and uncertainties that may impact McDermott’s
actual results of operations.
The forward-looking statements in this press
release include statements on the current and expected
capabilities of the DB50 and the announced upgrade
plans. Although McDermott’s management believes that the
expectations reflected in those forward-looking
statements are reasonable, McDermott can give no
assurance that those expectations will prove to have
been correct.
Those statements are made by using various underlying
assumptions and are subject to numerous uncertainties
and risks. If
one or more of these risks materialize, or if underlying
assumptions prove incorrect, actual results may vary
materially from those expected.
For a more complete discussion of these risk
factors, please see McDermott’s annual report on Form
10-K for the year ended December 31, 2008 and its
quarterly reports on Form 10-Q.
For more information, please contact:
Louise Denly
Director, Corporate Communications
J. Ray McDermott,
Houston, Texas 77079
Tel: 281 870 5025
E-mail: ldenly@mcdermott.com
Visit our website: www.jraymcdermott.com
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