Established in 1923, McDermott International, Inc. is a foremost provider of integrated engineering, procurement, construction and installation (EPCI) services. These are for upstream field developments around the world. Headquartered in Houston, Texas, the Company’s operating areas are in more than 20 countries – in oil and gas producing areas globally. In 2015, McDermott International had Revenue of $3.1 billion.
McDermott International delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for complex Offshore and Subsea oil and gas projects. These are to assist oil companies in safely producing and transporting hydrocarbons. In 1947, the Company designed, constructed and installed the first offshore platform in 20 feet of water.
McDermott’s Offshore solutions include fixed platforms. It engineers, constructs and/or installs fixed, bottom-founded structures, including jackets and piles, topsides, compliant towers and tripods. Its Offshore solutions also include floating facilities, including tension leg platforms, spars, semisubmersibles, and floating production storage and offloading topsides. Via its global facilities, McDermott International can construct and load out almost any size module, topside, or substructure.
The Company’s Subsea solutions include subsea infrastructure (concept screening, modeling, full field architecture, control systems, construction, transportation, installation and commissioning of subsea hardware, risers and flowlines). Its solutions in this area also include spoolbase services – it fabricates subsea hardware. Its multi-joint welding and tendon fabrication capabilities support deepwater pipelay. McDermott has a fleet of fast-transit subsea construction vessels.
Recent projects for the Company include the Papa Terra Tension Leg Wellhead Platform. Its location is Block BC-20; Campos Basin, Brazil. Its client is Petrobras (with Chevron) and services provided by McDermott included engineering, procurement, construction, as well as installation. Papa Terra is the first use of dry-tree floating technology offshore Brazil. It is also the first Tension Leg Platform installation offshore South America.
In 2014, McDermott was the first to install rigid reel-lay pipe-in-pipe in Asia-Pacific for the Siakap North-Petai development project offshore Malaysia. In 2015, McDermott Marine Construction Ghana Limited (MMCGL)was created to go after key offshore opportunities in Ghana and other developments in the African market. Moreover, last year, McDermott International started a new independent venture in oil & gas consulting with GE Oil & Gas to transform front-end offshore field development.
In July 2016, McDermott International and Nakilat-Keppel Offshore Marine (N-KOM), announced a Memorandum of Understanding (MOU) for an exclusive cooperation agreement to pursue offshore engineering, procurement, construction and installation (EPCI) projects within Qatari waters. The agreement is for five years.
McDermott International and N-KOM, the joint venture (JV) shipyard between Qatar’s Nakilat and Keppel Offshore & Marine, will develop an integrated approach to projects in Qatar through taking advantage of McDermott’s proven record of accomplishment in offshore EPCI projects and N-KOM’s premier ship repair and offshore construction facility at the Erhama Bin Jaber Al Jalahma Shipyard in Qatar.
McDermott will serve as prime contractor to customers and lead engineering. In addition, McDermott will lead procurement and installation with vessels mobilized from the Company’s international marine fleet. N-KOM will serve as subcontractor. N-KOM will also perform fabrication from its Qatar facility.