McDermott's New Partnership with Shell Enhances Project Management

McDermott's New Partnership with Shell Enhances Project Management

McDermott has been selected by Shell Global Solutions International B.V. to engage in a significant partnership under an Enterprise Framework Agreement (EFA). This collaboration focuses on engineering, procurement services, and integrated project management team services, aiming to streamline operations and enhance project execution.

The Significance of the Agreement

The EFA is set to last three years with the possibility for two additional one-year extensions. This contract reflects McDermott's commitment to providing comprehensive support for Shell's various projects, leveraging its extensive capabilities across multiple energy sectors.

Scope of Work

The scope of the agreement covers all areas of McDermott's operations, particularly in Low Carbon Solutions, Offshore Middle East, and Subsea and Floating Facilities. This structured approach ensures that McDermott utilizes its global engineering centers and expertise to assist Shell in developing and executing both feasibility and front-end engineering solutions that are world-class.

What Makes McDermott a Trusted Partner

"Our global execution model positions us as the perfect partner to support Shell in implementing their upcoming projects," stated Maurizio Coratella, McDermott's Executive Vice President and Chief Operating Officer. The collaboration emphasizes McDermott's skillset in low-carbon engineering, innovative technology, procurement, construction, and installation services that ensure safety and efficiency throughout project phases.

A Strong Foundation of Collaboration

McDermott has historically maintained a robust partnership with Shell, executing a variety of deepwater projects. Their collaborative efforts span regions such as the US Gulf of Mexico, Trinidad and Tobago, Western Australia, and Malaysia, showcasing a dedication to tackling complex challenges in various environments.

About McDermott

McDermott stands out as a premier, fully-integrated provider of engineering and construction solutions tailored for the energy sector. The company is known for its technology-driven approach, aiming to responsibly harness global energy resources and transform them into products essential for the world. Spanning over 54 countries, McDermott's diverse range of expertise supports the advancement of global energy infrastructure and the journey towards a more sustainable future.

With more than 30,000 employees and a fleet comprising specialty marine construction vessels and fabrication facilities worldwide, McDermott is well-positioned to take on the future challenges of the energy domain. This agreement with Shell represents another step towards achieving unparalleled project management excellence and elevating industry standards.

Frequently Asked Questions

What is the purpose of the Enterprise Framework Agreement?

The EFA aims to provide Shell with comprehensive engineering and project management services over a three-year term, ensuring efficient project execution.

Who is McDermott partnering with for this agreement?

McDermott has partnered with Shell Global Solutions International B.V. to enhance project delivery under the framework of this agreement.

What areas will McDermott focus on through this agreement?

The agreement encompasses McDermott's capabilities in Low Carbon Solutions, Offshore Middle East, Subsea, and Floating Facilities business lines.

How long is the Enterprise Framework Agreement in place?

The Enterprise Framework Agreement is initially slated for three years, with options for two one-year extensions.

What has McDermott stated regarding its partnership with Shell?

McDermott emphasizes that its global execution model will help Shell effectively handle its upcoming project portfolio, driving innovation and safety.

About The Author

Hi there, I'm Hannah Lewis, a writer and financial specialist of 36 years old committed to making money understandable and approachable to everyone. Years of working in the field have given me a thorough grasp of market trends, investment techniques, and economic fundamentals. My objective is to enable people, by means of understandable, useful guidance, to take charge of their financial destiny.

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