McDermott International
Offshore work sees Middle East generate a chunk of $2 billion revenues
In 2010 the Houston-based firm span off its U.S.-based government contracting services company Babcock & Wilcox and its related other domestic companies, to zero in on oil & gas services.
To reflect this change, the firm changed its name from J Ray McDermott. McDermott has benefitted from this renewed focus with impressive regional contract wins, including the $350 million upgrade and enhancement of a water injection system for Abu Dhabi’s ADMA-OPCO in the Zakum field.
McDermott won the contract for the Offshore Maintain Potential Project at the Abu Safah, Safaniya and Berri fields for Saudi Aramco.
McDermott subsidiaries in the Middle East and Caspian region bagged deals for a range of offshore projects as part of their $2 billion of bookings in the final quarter of 2010.
