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Timothy Smith

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Timothy Smith

Re: doubleaa post# 65

Thursday, 10/08/2015 5:54:15 PM

Thursday, October 08, 2015 5:54:15 PM

Post# of 1850
McDermott (MDR +2%) says it was awarded a brownfield project by Qatar Petroleum for the engineering, procurement, construction and installation of four wellhead jackets.

Installation of two jackets in the Bul-Hanine field offshore east of Doha is scheduled for completion by year-end 2016 with the remaining two scheduled for completion in July 2017.

The value of the award is not specified, but MDR says it is "sizable"; revenue for the order will be included in the company’s Q3 backlog.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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