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McDermott's Force Majeure: An update
Apr 03:
Did McDermott declare Force Majeure in the KG-DWN-98/2 block? And what has ONGC's response been?
8McDermott is responsible for transportation and installation of SURF and SPS facilities. It has using its engineering and other key resources in Kuala Lumpur, Malaysia and Chennai and had deployed the Derrick Barge 30, Lay Vessel North Ocean 105 and Lay Vessel 108 in the block.
8McDermott's cost is pegged at $700 million, and that includes marine spreads
8The multinational is part of a consortium lead by Baker Hughes with L&T Hydrocarbons also as a partner
Click on Details for more
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8McDermott is responsible for transportation and installation of SURF and SPS facilities. It has using its engineering and other key resources in Kuala Lumpur, Malaysia and Chennai and had deployed the Derrick Barge 30, Lay Vessel North Ocean 105 and Lay Vessel 108 in the block.
8McDermott's cost is pegged at $700 million, and that includes marine spreads
8The multinational is part of a consortium lead by Baker Hughes with L&T Hydrocarbons also as a partner
Click on Details for more
