Malaysia to be Part of McDermott’s US$5bil Investment in Asia

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.

At the media briefing, Ian Prescott, Vice President of McDermott Asia Pacific Sdn Bhd with Nathan Rowden, Director, Human Resources of McDermott Asia Pacific Sdn Bhd and Shaharudin Saleh, Managing Director of Berlian McDermott Sdn Bhd and Mahesh Swaminathan, Senior Director, Commercial of McDermott Asia Pacific Sdn Bhd

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Bank Muamalat Approved 83% SME Payment Assistance Applications

With Covid-19 surge currently being experienced by the country seeing no sign of abating, many SME's who were already struggling during MCO...

Weekend Golf Getaway in Horizon Hills and Ponderosa

With Covid-19 looming, overseas travel is far and beyond anyone's wishes at the moment, but for frequent travelers keeping oneself locked up...

Coach Inspired By NYC Skyline

This holiday, Coach is updating its seasonal collection with the joyful release of its Coach 2020 Holiday Collection – the designs are...

Maxis Makes Top Management Changes After CTIO Departs

Maxis is seeing major changes in its top management, starting with the departure of its Chief Technology and Information Officer (CTIO), Morten...

Preparing for post-pandemic opportunities

Businesses in Malaysia must begin planning and preparing now to be able to leverage the opportunities that come with the eventual post-pandemic...

Must read

4 reasons why customer experience is the key to success

Vincent Tang, Regional Vice President, Asia, Epicor "Customer service" and "customer experience" are often used interchangeably. But there's a...

Deloitte report finds Malaysia among regional leaders in digital life adoption

An extensive survey conducted by Deloitte across age groups in eight countries in South and Southeast Asia showed that consumers aged between...

Malaysia needs to brand its startup ecosystem as one of world’s best, says KJ

Khairy Jamaluddin, Minister of Science, Technology and Innovation, said the country’s entrepreneurship ecosystem was on par with the world’s best, but Malaysia...

How today’s technology is key to industrial and manufacturing sector business continuity in a post-Covid-19 world

By  Dr. Ravi Gopinath, Chief Product Officer AVEVA , How the world does business was changing before the outbreak...