McDermott plans to bid for US$5 billion worth of contracts in the next six months, covering bids in Malaysia, India, Australia, Vietnam and Indonesia, seeing a very strong potential in business expansion in Malaysia as well as the region.
McDermott will utilise its key engineering hub in Malaysia and the region to materialise the potentials and execute the jobs when they are won. The bid pipeline has increased compared to last year (US$4 billion during the last quarter), which is a positive sign that the oil and gas industry is on track for recovery.
Additionally, McDermott is taking part in the Offshore Technology Conference Asia 2018 from 20 to 23 March at the Kuala Lumpur Convention Centre, with its own booth to showcase its services. McDermott in Malaysia is well-positioned for future growth in terms of capability and presence in the region with:
- Investment in asset: Amazon for deepwater projects
- Investment in digital technology to modernise engineering services
- Merger with CB&I to expand into onshore offering
