Overview
McDermott International (OTCPK:MCDIF) maintained its operations on QatarEnergy’s North Field East expansion project throughout the recent Iran war. The work, which involves installing offshore platforms, subsea pipelines and related infrastructure, is intended to transport natural gas from Qatar’s North Field to liquefied natural gas (LNG) plants being constructed at Ras Laffan Industrial City.
Operational Continuity
According to a Reuters report, McKelvy stated on Tuesday at the Energy Projects Conference in Houston that work on the project never stopped during the conflict, although some operational limitations were in place. He added that McDermott expects to complete its portion of the project on schedule once conditions stabilize.
Project Significance
The North Field East expansion represents the first phase of QatarEnergy’s LNG growth strategy and is projected to increase Qatar’s export capacity by approximately 32 million tonnes per year. McDermott’s scope covers the offshore segment, while a consortium led by Technip Energies (EPA:TE) is responsible for building the on‑shore liquefaction plants under an engineering, procurement and construction (EPC) contract.
Additional Information
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