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Last $3.84 USD
Change Today +0.06 / 1.59%
Volume 3.9M
As of 8:04 PM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

757 North Eldridge Parkway

Houston, TX 77079

United States

Phone: 281-870-5000

Fax:

McDermott International, Inc. operates as an engineering, procurement, construction, and installation (EPCI) company that focused on designing and executing complex offshore oil and gas projects worldwide. The company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning. It operates in approximately 20 countries across the Americas, the Middle East, the Asia Pacific, the North Sea and Africa. The company supports its activities with comprehensive project management and procurement services, while utilizing its fully integrated capabilities in both shallow water and deepwater construction. Segments The four geographic regions, which the company considers to be its operating segments, consist of the Asia Pacific, Americas (previously Atlantic), the Middle East and North Sea and Africa. The Asia Pacific segment Through the Asia Pacific segment, the company serves the needs of customers primarily in Australia, Indonesia, Vietnam, Malaysia, Thailand and India. Project focus in this segment includes the fabrication and installation of fixed and floating structures and the installation of pipelines and subsea systems. The majority of its projects in this segment are performed on an EPCI basis. Engineering and procurement services are provided by its Singapore office and are supported by additional resources located in Chennai, India. Americas segment Through its Americas segment, the company serves the needs of customers primarily in the United States, Brazil, Mexico, Trinidad and Africa. Project focus in this segment includes the fabrication and installation of fixed and floating structures and the installation of pipelines and subsea systems. Engineering and procurement services are supported by engineering resources in Dubai and Chennai. The primary fabrication facility for this segment is located in Altamira, Mexico. The Middle East segment Through the Middle East segment, which includes its North Sea and Africa operations, the company serves the needs of customers primarily in Saudi Arabia, Qatar, the United Arab Emirates (U.A.E.), Kuwait, India, Azerbaijan, Russia, the North Sea and Africa. Project focus in this segment relates primarily to the fabrication and offshore installation of fixed and floating structures and the installation of pipelines and subsea systems. The majority of its projects in this segment are performed on an EPCI basis. Engineering and procurement services are provided by its Dubai, the U.A.E.; Chennai, India; Al Khobar, Saudi Arabia; and the United Kingdom offices and are supported by additional resources from its Houston and Baku, Azerbaijan offices. The primary fabrication facility for this segment is located in Dubai, the U.A.E. The above-mentioned fabrication facilities in each segment are equipped with heavy-duty construction and fabrication equipment, including cranes, welding equipment, machine tools and robotic and other automated equipment. Project installation is performed by major construction vessels, which the company owns or leases and are stationed throughout the various regions and provides structural lifting/lowering and pipelay services. These major construction vessels are supported by its multi-function vessels and chartered vessels from third parties to perform an array of installation activities that include anchor handling, pipelay, cable/umbilical lay, dive support and hookup/commissioning. Joint Ventures The Asia Pacific Qingdao McDermott Wuchang Offshore Engineering Company Ltd.: The company co-owns this entity with Qingdao Wuchang Heavy Industry Co. Ltd., a shipbuilder in China. This joint venture provides procurement and construction services to the oil and gas industry, including floating, production, storage, off-loading (FPSO) vessel construction and integration. THHE Fabricators Sdn. Bhd.: This joint venture would specifically focus on meeting the increasing needs of energy clients in Malaysia for EPCI services. The Middle East McDermott Engineering L.L.C. and Khalid Suhail Al Shoaibi for Engineering Consultancy: The company co-owns this entity with

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