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McDermott Signs JV Agreement with Zamil Offshore to Address MMO Market

Source: www.gulfoilandgas.com 4/5/2019, Location: Middle East

McDermott International 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.

Maintenance and Repair News in Saudi Arabia >>

United Kingdom >>  5/7/2019 - Craig International has reinforced its position as a global market-leader in oil and gas procurement after reporting its best ever year in the US and ...
Malaysia >>  5/3/2019 - Sabah Shell Petroleum Company Ltd, a subsidiary of Royal Dutch Shell, has signed an offshore Master Service Agreement (MSA) with BMT. The three-year a...

Saudi Arabia >>  5/3/2019 - KBR, Inc. (KBR) has received a three year extension to its existing General Maintenance Services (GMS) contract for the 440,000 bpd refinery at SATORP...
United States >>  5/3/2019 - Ampelmann has secured a contract with marine transportation company Harvey Gulf from its local office in Houston, Texas. The company will perform main...

Saudi Arabia >>  5/2/2019 - KBR, Inc. (KBR) has been awarded a Maintenance Alliance Program (MAP) contract to provide long-term maintenance services for the Sadara Chemical Compa...
United Kingdom >>  5/2/2019 - Craig International has secured a contract with Spirit Energy, which is potentially worth £21million over seven years. ...

Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 


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