The company's interest has been sold to the existing partners in the Block 5 exploration licence, subsidiaries of Murphy Oil Corporation, Wintershall Dea and Petronas.
The engineering work is expected to begin immediately, and the contract will be reflected in McDermott's 2Q19 backlog.
Mitsui and MOL have participated in a long-term charter business operated by MODEC for the purpose of providing a FPSO for use in the Area 1 block.
With the deal, DEA enhances its presence in Mexico and its long-term commitment to the country’s oil and gas industry.
Under this award, Borr will deliver a total of 9 offshore development wells to its customer under an integrated services model.
As the company enters its 57th year, the new facility in Villahermosa, Tabasco is part of the company’s efforts to continue to expand its presence in Mexico’s burgeoning oil and gas market.
The Dutch offshore access provider has secured its first contract in Mexico, adding a new region to its global portfolio.
The Rowan Renaissance, an R-Class ultra-deepwater drillship, has been awarded a one-well contract in Mexico.