McDermott plans to bid for USD 5 billion worth of contracts in the next six months, covering bids in Malaysia, India, Australia, Vietnam and Indonesia as it sees a very strong potential in business expansion in Malaysia and the region.<\/p>\n
The bid pipeline has increased compared to last year as it was USD 4 billion six months ago, showing that this is a positive sign that the oil and gas industry is on track for recovery.<\/p>\n
Malaysia is the springboard for expansion plans in Asia by McDermott, a leading provider of integrated engineering, procurement, construction and installation (EPCI) services for offshore and subsea field developments worldwide.<\/p>\n
McDermott will utilise its key engineering hub in Malaysia and the region to materialise the potentials and execute the jobs when they are won.<\/p>\n
McDermott\u2019s combination with CB&I opens up opportunity for vertical growth as the newly combined company will be a fully vertically integrated onshore-offshore company, with a broad EPCI service offering and market leading technology portfolio.<\/p>\n
McDermott is taking part in the Offshore Technology Conference Asia 2018 from 20 to 23 March at the Kuala Lumpur Convention Centre where it will pitch up a booth at the exhibition there to showcase its services.<\/p>\n
McDermott in Malaysia is well-positioned for future growth in terms of capability and presence in the region with n\u00a0 investment in asset with their Amazon for deepwater projects, as well as their n investment in digital technology to modernize engineering services and n\u00a0 merger with CB&I to expand into onshore offering.<\/p>\n
All these bode well for Malaysia in terms of high skill job opportunities and knowledge transfer.\u00a0\u00a0<\/p>\n
McDermott Asia in Kuala Lumpur has already increased its staff from 90 people in 2016 to approximately 500 people now, with a strong emphasis on locals.\u00a0<\/p>\n
It has exceeded the target set by Malaysia Industry Development Authority (MIDA) in terms of local content requirement and this will be improved on as the business matures in Malaysia.\u00a0<\/p>\n
As for knowledge transfer, Malaysians will have the opportunity to work on international projects such as Reliance KG-D6 and Maersk Tyra that McDermott won recently.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
McDermott plans to bid for USD 5 billion worth of contracts in the next six months, covering bids in Malaysia, India, Australia, Vietnam and Indonesia as it sees a very strong potential in business expansion in Malaysia and the region. The bid pipeline has increased compared to last year as it was USD 4 billion […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-1585","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=1585"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1585\/revisions"}],"predecessor-version":[{"id":4845,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/1585\/revisions\/4845"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=1585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=1585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=1585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}