HOUSTON, Dec. 23, 2019 /PRNewswire/ -- McDermott
International, Inc. (NYSE: MDR) and its joint venture partner,
Chiyoda International Corporation, a U.S.-based wholly-owned
subsidiary of Chiyoda Corporation, Japan, today announced that Train 2 of the
Cameron LNG project in Hackberry,
La., has begun producing liquefied natural gas (LNG). While
production is in the initial phases, this significant project
accomplishment is a precursor to substantial completion of Train
2.
"This accomplishment is attributable to the entire team's
unwavering commitment to project delivery and steadfast focus on
safety and quality performance as we work toward completion of
Train 2," said Mark Coscio,
McDermott's Senior Vice President for North, Central and
South America. "We are confident
their hard work and focus will continue through the remainder of
the project."
McDermott and Chiyoda have provided the engineering, procurement
and construction for the Cameron LNG project since the project's
initial award in 2014. The project includes three liquefaction
trains with a projected export of 12 million tonnes per annum of
LNG, or approximately 1.7 billion cubic feet per day.
Cameron LNG is jointly owned by affiliates of Sempra LNG LLC,
Total, Mitsui & Co., Ltd. and Japan LNG Investment, LLC, a
company jointly owned by Mitsubishi Corporation and Nippon Yusen
Kabushiki Kaisha (NYK).
About McDermott
McDermott is a premier, fully
integrated provider of technology, engineering and construction
solutions to the energy industry. For more than a century,
customers have trusted McDermott to design and build end-to-end
infrastructure and technology solutions to transport and transform
oil and gas into the products the world needs today. Our
proprietary technologies, integrated expertise and comprehensive
solutions deliver certainty, innovation and added value to energy
projects around the world. Customers rely on McDermott to deliver
certainty to the most complex projects, from concept to
commissioning. It is called the "One McDermott Way." Operating in
over 54 countries, McDermott's locally focused and
globally-integrated resources include approximately 32,000
employees, a diversified fleet of specialty marine construction
vessels and fabrication facilities around the world. To learn more,
visit www.mcdermott.com.
Forward-Looking Statements
In accordance with the Safe
Harbor provisions of the Private Securities Litigation Reform Act
of 1995, McDermott cautions that statements in this press release
which are forward-looking, and provide other than historical
information, involve risks, contingencies and uncertainties that
may impact McDermott's actual results of operations. These
forward-looking statements include, among other things, statements
about the expected scope and timing of the Cameron LNG project.
Although we believe that the expectations reflected in those
forward-looking statements are reasonable, we 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 risks, contingencies and uncertainties,
including, among others: adverse changes in the markets in which we
operate or credit markets, our inability to successfully execute on
contracts in backlog, changes in project design or schedules, the
availability of qualified personnel, changes in the terms, scope or
timing of contracts, contract cancellations, change orders and
other modifications and actions by our customers and other business
counterparties, changes in industry norms and adverse outcomes in
legal or other dispute resolution proceedings. 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 and other risk factors,
please see McDermott's annual and quarterly filings with the
Securities and Exchange Commission, including its annual report on
Form 10-K for the year ended December 31,
2018 and subsequent quarterly reports on Form 10-Q. This
press release reflects management's views as of the date hereof.
Except to the extent required by applicable law, McDermott
undertakes no obligation to update or revise any forward-looking
statement.
Contacts:
Investor Relations
Scott Lamb
Vice President, Investor Relations
+1 832 513 1068
Scott.Lamb@McDermott.com
Global Media Relations
Gentry Brann
Senior Vice President, Communications, Marketing and
Administration
+1 281 870 5269
Gentry.Brann@McDermott.com
Local Area Media Relations:
Kristi Krupala
Manager, North, Central and South
America (NCSA) Area Communications & Marketing
+1 281 870 5447
Kkrupala2@mcdermott.com
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SOURCE McDermott International, Inc.