PLATFORM LAUNCHED FOR GULF OF MEXICO PROJECT

A group led by a unit of Freeport McMoRan Inc. has launched the first platform in a planned $804 million complex to produce oil, gas, and sulfur on Main Pass Block 299 in the Gulf of Mexico. In addition, McDermott Inc. will design, build, and install four oil and gas platforms, at a cost of about $40 million, next to the Freeport-McMoRan Resource Partners LP (FRP) Main Pass 299 sulfur project off Louisiana.

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