McDermott International

McDermott’s restructuring comes 5 months after it filed for Chapter 11 protection. The company was struggling with debt since its 2018 acquisition of CB&I.

McDermott’s completion comes 19 months after it was first awarded. SapuraOMV achieved first production from the Larak gas field in January.

Production from Train 3 comes almost a month after reaching its final commissioning stage. Commercial operations will follow testing and authorization from FERC.

The final commissioning stage of Train 3 brings the Cameron LNG project closer to initial production expected in Q2.

McDermott was selected previously for a study of the FPU. Completion of the Trion project is expected in Q3.

Initial production at Freeport LNG Train 3 is expected in the first quarter. The project’s final commissioning stage included feed gas.

Train 2 has a projected export capacity of 4 mtpa. Train 3 is expected to reach production in Q2 2020.

The firm has outlined a restructuring plan that will see it sell off subsidiaries and erase more than $4.6 billion in debt.

McDermott said the first cargo was a precursor to substantial completion of Train 2. The liquefaction unit began production on 6 December.

With McDermott announcing “substantial completion” of the production platform, operator Pemex is expected to begin commercial operations soon. Abkatun-A2 will produce up to 220,000 BOPD from shallow-water fields in the Gulf of Mexico.