J. Ray Wins PEMEX Deal

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    Houston-based J. Ray McDermott won a contract by PEMEX Exploración y Producción for transportation and installation of the Ixtal-B and Maloob-C drilling platforms. These projects are located in the Bay of Campeche, Mexico, in 216 and 272 feet of water, respectively. Contracts of this nature are typically valued at more than $40 million.

    “This is the first installation contract PEMEX has awarded directly to J. Ray and follows on the heels of our contract for the Maloob-C platform construction in December 2007,” said John Nesser, J. Ray’s Executive Vice President and COO. “Our Altamira, Mexico fabrication facility was fast-tracked and constructed in record time, and its deepwater fabrication capabilities and strategic access to the Gulf of Mexico make it the ideal location for deepwater project construction. J. Ray has a reputation as an industry leader known for delivering quality products with schedule certainty, and we look forward to further developing a partnership with PEMEX on future projects.”

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