Operator of a mechanical engineering company intended to offer mechanical maintenance to a range of industries. The company focuses on the petrochemical, marine, LNG industries and provides storage tank refurbishment, heat exchanger maintenance, tank repairs, fabrication, turnarounds services, enabling industries to get a wide range of engineering services.
McDermott International Inc provides integrated engineering, procurement, construction and installation, and module fabrication services for oil and gas field developments worldwide. The company delivers fixed and floating production facilities, pipeline installations, and subsea systems for complex offshore and subsea oil and gas projects. Revenue is derived internationally, and customers include national, major integrated, and other oil and gas companies. Contracts are executed through a series of different methods, principally fixed-price, but also include fixed reimbursable, cost-plus, day-rate, and unit-rate basis.