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Offshore Presentation

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Alvin M

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COMPANY HISTORY

For most of history, man has found petroleum only in places where it seeped naturally from the earth. Then in the 19th Century,
man discovered ways to drill water wells deep into the ground.
Sometimes these wells produced petroleum instead of water, and soon the same techniques were being used to drill for oil. As
the supply of petroleum grew, ways of refining it into useful products were developed. As the demand grew, this new
technology for drilling holes could be used to produce far more petroleum than ever before - if it could be found.

Initially, exploring and drilling took place on dry land. People in the petroleum

industry knew that fields in coastal areas probably extended below the ocean floor, and because most of the earth is covered
with water, they knew that there must be many more fields under the ocean, waiting to be developed.
In the late 1940’s oil and gas companies began to realize the potential of fields under the waters of the Gulf of Mexico.
Technology made offshore fields a primary source for the world’s petroleum. In the early days of offshore production, facilities
were placed in shallow water and within sight of land. J. Ray McDermott had floating equipment for marshland work, and as
interest in the Gulf picked up, the company formed joint ventures and made acquisitions that allowed it to pioneer the
construction and installation of platforms and pipelines to support drilling and development near shore.
 Major Milestones for J. Ray McDermott, Inc.
 1950 - Installed first all-
all-concrete platform in Gulf
 of Mexico
1954 - Constructed first offshore platform in 100’
 water depth
1956 - Established Morgan City yard, first
 fabrication facility dedicated solely for
 offshore structures
1961 - First jacket installed by "Stacking"
 method - precursor of later multi-
multi-piece
 jackets
 1966 - Acquired diving company
1976 - Designed, provided fabrication technology for, and installed Exxon’s record 850’, two-
two-
 section
Hondo platform off Santa Barbara, CA
1978 - Fabricated and installed first platform in water depth greater than 1,000’. Shell Cognac
 (1040’ water depth) remains the world’s only three-
three-piece deep water structure and was
 recognized with an achievement award by the American Society of Civil Engineers
1986 - Built Shear Leg Crane - lifting capacity of 5,000 short tons
1988 - Acquired dynamically positioned 4,400 short-
short-ton capacity DB50, world’s largest self-
self-
 propelled monohull crane vessel
1989 - Installed deepest pipeline between Shell’s Bullwinkle and Boxer platforms. The pipeline
 depth at Bullwinkle makes it deepest ever installed in Gulf of Mexico - 1350’ water depth
1991 - Fabricated and installed world’s largest offshore sulfur extraction complex for Freeport
 McMoran Resource Partners’ Main Pass mine
1993 - First use of J-
J-Lay sets pipe-
pipe-lay depth record in 2,860’ water depth for Shell Auger project
1996 - Fabricated topsides and installed hull and deck for Oryx Neptune, world’s first production
 spar
1997 - Completed modules for Shell’s Ursa, largest platform in the Gulf of Mexico and the world’s
 deepest TLP in 4,000’ water depth
1998 - Installed the first Sea-
Sea-Star "Mini-
"Mini-TLP, British-
British-Borneo's Morpeth, in 1,200 ft. water depth
1999 - Completed British-
British-Borneo's Allegheny Mini-
Mini-TLP hull and deck installation with associated
 design, procurement and installation of subsea pipelines and SCRs in 3,300 ft. water
 depth
2000 - Installed Shell Brutus pipelines, 16 miles of
20", which was the deepest S-Lay pipeline in
3,010 ft. water depth
2000 - BP awards contract to construct the topsides
for four of it's deepwater projects in Gulf of
Mexico
2001 - EPCI award of Murphy's Medusa Truss Spar –
first Spar hull to be built outside of Pori,
Finland
2001 - EPCI award of Domion Resources Devil's
Tower Spar
2002 - EPCI award of Murphy's Frontrunner Truss
Spar
2002 - Wins subsea development installation contract
for BP Aspen Project
2003 - 12,125 ton Amenam Kpono AMP1 production
deck leaves Dubai headed for the coast of
Nigeria
2003 - P.T. McDermott Indonesia successfully
completed fabrication of the world's deepest
dry-tree spar hull for the Devil's tower field in
the Gulf of Mexico
 2003 - JRM completes deepwater Medusa Spar Project - the first
 spar platform in the world delivered on a full scope
 engineer--procure
engineer procure--install
install--construct ("EPIC") basis
2004 - JRM successfully completed Devils Tower and Front Runner
 EPCI Spar Projects
2004 - McDermott Caspian Contractors, Inc. (MCCI) completed
 fabrication, loadout and sailaway of Central Azeri topsides, the
 largest deck ever in the Caspian, consuming 10 million manhours
 without a single lost time accident and utilizing 80% local Azerbaijani
 workforce
2004 - P.T. McDermott Indonesia successfully completed fabrication,
 integration and onshore mechanical completion of the Floating
 Production, Storage and Offloading (FPSO) vessel - Belanak Natuna
2004 - JRM's Morgan City Yard completed three of four Deepwater
 Development projects (Holstein, Mad Dog and Thunder Horse)
McDERMOTT--BATAM FABRICATION YARD
McDERMOTT

JACKET ARTHIT PROJ.

WOODSIDE PROJECT

ARTHIT PROJECT
McDERMOTT--BATAM FABRICATION YARD
McDERMOTT

HERCULES
McDERMOTT--BATAM FABRICATION YARD
McDERMOTT

LIFTING OF MAIN DECK

McDERMOTT--BATAM FABRICATION YARD
McDERMOTT

LIFTING OF MAIN DECK

CELLAR DECK
McDERMOTT--BATAM FABRICATION YARD
McDERMOTT

HERCULES
McDERMOTT--BATAM FABRICATION YARD
McDERMOTT

HERCULES LIFTING OF MAIN DECK

McDERMOTT--BATAM FABRICATION YARD
McDERMOTT

LIFTING OF MAIN DECK

McDERMOTT--BATAM FABRICATION YARD
McDERMOTT

WOODSIDE PROJECT

ARTHIT PROJECT
McDERMOTT--BATAM FABRICATION YARD
McDERMOTT

JACKET ARTHIT PROJ.

McDERMOTT--BATAM FABRICATION YARD
McDERMOTT

JACKET ARTHIT READY

TO LOAD OUT

SLIDING REEL

BARGE
PRP JACKET LAUNCH
1st of March 2006
McDERMOTT--OFFSHORE LOCATION
McDERMOTT