Gulf Oil and Gas accountACCOUNT

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 >>

Brazil >>  11/23/2020 - Aker Solutions won a framework agreement with Equinor to provide maintenance and modifications services at the Peregrino field, offshore Brazil. The c...
Iran >>  11/21/2020 - As public relations of POGC reported, phase 16's platform went out of production last year due to damage in some areas of its marine pipeline. Having ...

United Kingdom >>  11/19/2020 - Sparrows Group has been awarded a five-year contract by Spirit Energy for the provision of crane maintenance and lifting services across its Morecambe...
Iran >>  11/16/2020 - Experts at the National Iranian South Oil Company (NISOC) successfully carried out repair of faulty wellhead valves for Wastewater Injection Well No. ...

Ireland >>  11/16/2020 - Kalmar, part of Cargotec has signed a six-year Kalmar Care service agreement with long-term customer Belfast Container Terminal Ltd in Northern Irelan...
United Arab Emirates >>  11/10/2020 - The Abu Dhabi National Oil Company (ADNOC) has completed the first phase of its large-scale multi-year predictive maintenance project to maximize asse...

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 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |

More News

Related Links

Gulf Oil and Gas
Copyright 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.