McDermott To Participate In Azeri Field Development

McDermott International, Inc., New Orleans, La., recently confirmed that it has reached an agreement with Amoco Eurasia Petroleum Company to participate in the evaluation and development of the Azeri oil field in the Azerbaijan sector of the Caspian Sea, and that its Hudson Engineering Corporation has been selected as prime contractor for the development.

McDermott also announced that it has separately agreed to form a joint venture with Shelfprojectstroy, the largest offshore marine contractor in the Soviet Union.

Shelfprojectstroy's facilities are located on the Caspian Sea.

Under agreement with Amoco Eurasia, McDermott will be one of four parties who will share foreign i n t e r e s t in the development.

McDermott will hold a 10 percent share; Amoco, 45 percent; Unocal, 25 percent; and a group comprised of BP, Statoil, and Ramco, 20 percent.

Kaspmorneftegas, the production association based in Azerbaijan, will also participate in the project.

As prime contractor, Hudson Engineering of Houston will provide design, procurement, fabrication and installation of the Azeri facilities.

The field is in water depths ranging from 300 to 600 feet and is located about 90 miles offshore of Baku.

The Western companies expect to develop the field using conventional offshore technologies. The scope of the development, including size and number of platforms and the configuration of pipelines, will be determined by a feasibility study.

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