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  • McDermott Signs Joint Venture Agreement with Zamil Offshore to Address MMO Market in Saudi Arabia
    édité le 02/04/2019 - Plus de news de "McDermott" - Voir la fiche entreprise de "McDermott"


McDermott Signs Joint Venture Agreement with Zamil Offshore to Address MMO Market in Saudi Arabia
McDermott International, Inc. announced it has signed a Joint Venture Agreement with Zamil Offshore to target the Maintenance, Modifications and Operations (MMO) market in Saudi Arabia.

McDermott and Zamil will work together on an exclusive basis to provide Saudi Aramco with comprehensive offshore brownfield EPCI solutions and asset maintenance services. The new joint venture will be uniquely positioned to offer integrated, cost effective MMO services, to address the rising market demand in Saudi Arabia.

Zamil is renowned as the largest offshore and marine services provider in the Middle East. The partnership with Zamil will provide McDermott access to a new revenue stream in the maintenance, turnaround, inspection, and asset integrity services market in Saudi Arabia.

"Our partnership with Zamil reflects McDermott's commitment to supporting Saudi Aramco across the oil and gas production life cycle," said Linh Austin, McDermott's Senior Vice President, Middle East and North Africa. "Building on the strengths and distinguished track-record of both companies and fueled by McDermott's technology and digital-ready solutions," added Austin, "we will enable our customers to maximize the performance of offshore assets by increasing reliability and production uptime."

The joint venture bolsters McDermott's long-term growth plans in Saudi Arabia and is expected to significantly contribute to the in-Kingdom Total Value Add (IKTVA) program and local content commitments, ultimately supporting Saudi Vision 2030.

About McDermott

McDermott (NYSE: MDR) is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. It is called the "One McDermott Way." Operating in over 54 countries, McDermott's locally focused and globally-integrated resources include approximately 32,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.

About Zamil Offshore Services

Zamil Offshore Services was founded in 1977 as a 100% Saudi Company working in diversified business fields. Its scope of work covers; offshore marine services, ship chandelling, ship chartering, Offshore Hook-up projects, offshore shipbuilding, ship & rig repair and sea ports operation and management.


Origine : Communiqué McDermott

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