Allseas Bails Out BP's Greater Tortue Ahmeyim (GTA) Project

Researched by Industrial Info Resources (Sugar Land, Texas)--Allseas Group S.A. (Chatel-Saint-Denis, Switzerland) pulled BP plc (NYSE:BP) (London, England) from a scrambled situation after McDermott International Limited (Houston, Texas) had withdrawn its vessels for offshore pipe laying and other subsea installation services for development of the Greater Tortue Ahmeyim (GTA) floating liquefied natural gas (FLNG) project offshore Mauritania and Senegal.

According to news media reports, McDermott pulled out from the project due to an apparent contract payment dispute.

Later, BP contracted with Allseas to perform the subsea umbilical, risers and flowlines (SURF) and pipeline installation work. Allseas commenced work on the project with its Oceanic vessel and the world's largest construction vessel, Pioneering Spirit.

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