McDermott, Nakilat tie up for Qatar EPC projects
McDermott and N-KOM, the joint venture shipyard between Qatar's Nakilat and Keppel Offshore & Marine, will develop an integrated approach to target offshore EPC projects and repair and maintenance contracts in Qatar
McDermott International Inc and Nakilat-Keppel Offshore Marine (N-KOM), announced today a Memorandum of Understanding for an exclusive cooperation agreement to pursue offshore engineering, procurement, construction and installation (EPCI) projects within Qatari waters.
Under the five-year agreement, McDermott and N-KOM, the joint venture shipyard between Qatar’s Nakilat and Keppel Offshore & Marine, will develop an integrated approach to target offshore EPC projects and repair and maintenance contracts in Qatar.
McDermott will serve as prime contractor to customers and lead engineering with its teams based in Dubai as well as its Global Engineering Center in Chennai, India where necessary.
McDermott will also lead procurement and installation with vessels mobilised from its global marine fleet.
N-KOM will serve as subcontractor and perform fabrication from its Qatar facility.
“Through this exclusive agreement, McDermott and Keppel build upon our long-standing relationship to combine each company’s strengths to benefit our clients in Qatar and increase Qatari local content,” Linh Austin, McDermott’s vice president – Middle East, said.
Qatar continues to be a key growth region for McDermott. Over the past 20 years, McDermott has fabricated more than 80% of the North Field 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,” added Austin.