McDermott International is poised to shortly consolidate a deal to buy the newbuild pipelay and construction vessel Ceona Amazon out of administration for just over $50 million.

Industry sources told Upstream that the global contractor is believed to be in the process of finalising a financial agreement to put the finishing touches on the deal.

Afterwards, McDermott is expected to deploy the vessel on jobs the contractor already has booked in the Middle East, potentially as soon as the middle of the year.

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