McDermott Secures Enterprise Framework Agreement with Shell

U.S. offshore engineering and construction player McDermott has recently announced the signing of an enterprise framework agreement (EFA) with the UK-headquartered energy giant Shell. This agreement will cover engineering and procurement services, as well as integrated project management team services (IPMT) for Shell’s upcoming projects.

As part of the three-year agreement with two one-year options, McDermott will provide a comprehensive range of services across its low-carbon solutions, offshore Middle East, and subsea and floating facilities business lines. The company plans to utilize its global engineering centers to support Shell in developing and executing top-notch feasibility and front-end engineering solutions.

Maurizio Coratella, McDermott’s Executive Vice President and Chief Operating Officer, expressed confidence in McDermott’s global execution model, highlighting the company’s ability to support Shell effectively in the execution of its project portfolio. Coratella emphasized the importance of combining low-carbon engineering, procurement, construction, and installation delivery to progress towards net-zero goals while maintaining safety standards.

McDermott is currently overseeing a significant portfolio of deepwater projects for Shell in various regions, including the U.S. Gulf of Mexico, Trinidad and Tobago, Western Australia, and Malaysia. Notable projects include the Whale deepwater development in the U.S. Gulf’s Perdido Corridor, where McDermott recently completed EPCIC activities.

On the other hand, Shell’s Brazilian subsidiary has recently made a final investment decision (FID) for the Gato do Mato deepwater development project in the pre-salt area of the Santos Basin off the coast of Brazil. MODEC, a leading FPSO operator, secured an operations and maintenance contract for a floating production, storage, and offloading (FPSO) vessel destined for the Gato do Mato project.