McDermott International and Nakilat-Keppel Offshore Marine announced the signing of a Memorandum of Understanding (MoU) for an exclusive cooperation agreement to pursue offshore engineering, procurement, construction and installation (EPCI) projects in Qatar.
Under the five-year agreement, the two companies will develop an integrated approach to the projects, using McDermott’s track record in offshore EPCI projects and Nakilat-Keppel’s ship repair and offshore construction facilities in Qatar.
“Through this exclusive agreement, McDermott and Keppel build upon our long-standing relationship to continue each company’s strengths to benefit our clients in Qatar and increase Qatari local content,” McDermott’s Vice President in the Middle East, Linh Austin, said.
McDermott Enters Qatari Offshore Project
With this agreement, McDermott will serve as prime contractor to customers and lead engineering with its teams based in Dubai and its Global Engineering Centre in Chennai, India.
The company will also lead procurement and installation using its own fleet of vessels.
Keppel, on the other hand, will serve as subcontractor and be in charge of manufacturing from its facility in Qatar.
“With both our Dubai and Saudi-based facilities, McDermott is well positioned to address the continued growth for the entire Middle East market. And now, with this cooperative agreement, we have an even higher level of capacity and availability,” Austin added.
McDermott Invests in Qatari Gas Infrastruture
Qatar will thus continue to be a key growth region for McDermott, highly experienced in fabricating gas infrastructure.
“McDermott has been involved in all major offshore developments in Qatar over the last 50 years and we look forward to furthering our strong working relationships,” Austin stated further.
“We are pleased to partner with McDermott, one of the leading EPCI contractors in this region, to enhance our standing as a premier marine and offshore service provider in Qatar,” said Eng. Abdullah Fadhalah Al Sulaiti, Managing Director of Nakilat. “N-KOM has delivered several offshore construction projects, including a newly built liftboat. This agreement will add value to our services in this area to better support the local oil and gas industry in Qatar.”