Vague on specifics, a contract for oilfield services company McDermott International is tied to boosting oil production for offshore Saudi Arabia. McDermott in its release to the press said work would begin immediately for an unspecified Middle East customer for engineering, procurement, construction and installation services offshore in the Arabian Gulf. “This award signifies our long-standing position and strong relationships with our Middle East customers,” Linh Austin, a regional vice president, said in a statement . The company offered few specifics other than to say it was a “major contract,” which meant the value was somewhere between $750 million and $1.5 billion. Construction is slated at McDermott’s facilities in Saudi Arabia and in Dubai, where it has its headquarters. The […]