July 25 - A McDermott International subsidiary has secured the contract to transport and install the Megalodon oil and gas platform in the Gulf of Mexico.

McDermott was awarded the deal by Walter Oil & Gas Corporation, and it will provide all materials and equipment to transport and install the six-pile platform at water depth of 391 ft (119.18 m).

The heavy-lift Derrick Barge 50 will perform a side-lift of the 3,300-tonne jacket and set the 2,100-tonne topsides. The rigging project is scheduled to get underway during the fourth quarter of 2014.

"McDermott is pleased to work again for Walter to support its drilling and production activities," said Dominic Savarino, vice president and general manager, Americas. "This project supports our goal to maximise our asset utilisation between large contracts through short term transportation and installation work."