McDermott International, a multinational engineering and construction firm, has affirmatively confirmed receiving twin Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contracts for leading the development of the next stage of the largest oil field located offshore of Qatar. This significant assignment strengthens McDermott's position in the Middle East region, further bolstering its broad portfolio of intricate offshore projects.
1. McDermott International has confirmed receiving twin Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contracts for developing the next stage of the largest oil field offshore of Qatar.
2. These EPCIC contracts were granted by North Oil Company, a joint venture between Qatar Petroleum and Total of France.
3. This major assignment strengthens McDermott's presence in the Middle East, further broadening its portfolio of complex offshore projects.
4. The second phase of the development includes plans for four new wellhead platforms, connection to existing pipeline infrastructure and the installation of subsea cables and umbilicals.
5. McDermott is expected to provide a complete range of services, including design, engineering, procurement, construction, installation and commissioning of the infrastructure.
In 2020, McDermott International's revenue was reported to be approximately $8.02 billion.
These EPCIC (Engineering, Procurement, Construction, Installation, and Commissioning) contracts were awarded to McDermott by North Oil Company (NOC), a joint venture between Qatar Petroleum and France's Total. The second phase of development boasts plans for four new wellhead platforms, tie-in to existing pipeline infrastructure, and the installation of subsea cables and umbilicals. As a part of the deal, McDermott is slated to provide a comprehensive suite of services including design, engineering, procurement, construction, installation and commissioning of the infrastructure.