{"id":60,"date":"2019-02-18T15:04:53","date_gmt":"2019-02-18T15:04:53","guid":{"rendered":"https:\/\/menamap.com\/blog\/?p=60"},"modified":"2019-11-16T19:13:18","modified_gmt":"2019-11-16T19:13:18","slug":"mcdermott-nakilat-in-offshore-construction-jv","status":"publish","type":"post","link":"https:\/\/menamap.com\/blog\/2019\/02\/18\/mcdermott-nakilat-in-offshore-construction-jv\/","title":{"rendered":"McDermott, Nakilat in offshore construction JV"},"content":{"rendered":"

Offshore construction and installation specialist McDermott will team up with Qatar\u2019s Nakilat to provide offshore and onshore fabrication services in Qatar through a joint venture company.<\/strong><\/p>\n

\"Mcdermott,
JV signing ceremony between Nakilat and McDermott \/ Image source: Nakilat<\/figcaption><\/figure>\n

The two companies have signed a JV deal which is set to boost productivity levels at Nakilat\u2019s Erhama Bin Jaber Al Jalahma Shipyard. It will also target the development\u00a0of local construction capabilities to support the increasing demand for the construction of offshore and onshore structures in Qatar.<\/p>\n

The agreement was signed in the attendance of His Excellency Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, President & CEO of Qatar Petroleum, during the launch of the Tawteen program on Monday in Qatar.<\/p>\n

Tawteen, launched by Qatar Petroleum is an initiative to enhance localizing the energy sector\u2019s supply chain and expand the small and medium enterprises base in Qatar.<\/p>\n

Nakilat said that its JV with McDermott is aligned with Qatar\u2019s newly launched localization program, which is designed to enhance the resilience of the energy sector\u2019s supply chain. In addition, the program aims at creating new investment opportunities within the energy sector, which will significantly contribute to Qatar\u2019s economy, Nakilat said.<\/p>\n

This new joint-venture comes at a strategic time, with Qatar\u2019s ambition to localize its energy sector\u2019s supply chain and increase its liquefied natural gas production from 77 to 110 million tonnes per annum in the coming years. This project will provide a range of new services that will support Nakilat and its joint ventures to undertake the construction, maintenance, repair and refurbishment of offshore and onshore structures, and all types of vessels, Nakilat said.<\/p>\n

JV operated from Nakilat shipyard<\/h2>\n

The joint venture will be operated from Nakilat\u2019s shipyard in Ras Laffan Industrial City.<\/p>\n

\u201cWith extensive fabrication areas and excellent facilities such as a 270-meter construction hall and a 180-meter assembly workshop featuring four bays, the venture will be able to service the growing demand for offshore and onshore modular construction locally in Qatar. In addition, the JV will be able to leverage on McDermott\u2019s renowned expertise in the field of onshore and offshore construction and Nakilat\u2019s wealth of experience in providing fabrication services to Qatar\u2019s oil and gas industry,\u201d Nakilat said.<\/p>\n

Nakilat Chief Executive Officer Eng. Abdullah Al-Sulaiti said, \u201cWe are proud to be partnering with McDermott, who are leaders in the field of EPCI projects, as part of our business diversification strategy and to better support the country\u2019s ambition to be one of the leading energy producers and exporters in the world. This venture comes as part of our strategy to diversify our portfolio, which will contribute towards the advancement of the Qatari economy and support the country\u2019s ambition to be the leading exporter of clean energy.\u201d<\/p>\n

He said the establishment of the new joint venture would allow for better productivity and efficiency to be achieved at the shipyard and in supporting the localization and growth of Qatar\u2019s oil and gas industry.<\/p>\n

\u201cIn addition, it will ensure the transfer of knowledge and expertise to the local workforce and contribute towards the creation of a sustainable talent pipeline in Qatar, in alignment with Qatar National Vision 2030. This will further complement our existing range of maritime services being offered as part of developing a local maritime hub, reinforcing our position as a global leader and provider of choice for energy transportation and maritime services,\u201d he added.<\/p>\n

\u201cWe are very pleased to see this joint venture come to fruition,\u201d said Linh Austin<\/strong>, McDermott Senior Vice President, Middle East and North Africa. \u201cThis extension of our longstanding relationship with Nakilat is a natural continuation of McDermott\u2019s history of successful project execution in Qatar and will enable both companies to utilize synergies and build on the combined strength of our respective organizations for the benefit of our customers.\u201d<\/p>\n

\"\"<\/p>\n

 <\/p>\n

Going paperless: Dubai real estate firm lets tenants rent a home, sign contract online. To read more click agencieshub.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Offshore construction and installation specialist McDermott will team up with Qatar\u2019s Nakilat to provide offshore and onshore fabrication services in Qatar through a joint venture company. JV signing ceremony between Nakilat and McDermott \/ Image source: Nakilat The two companies have signed a JV deal which is set to boost productivity levels at Nakilat\u2019s Erhama […]<\/p>\n","protected":false},"author":2,"featured_media":61,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,3],"tags":[],"class_list":{"0":"post-60","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-news"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/menamap.com\/blog\/wp-content\/uploads\/2019\/02\/nakilat-jv-mcdermott-1-1-664x492.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paieQt-Y","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/menamap.com\/blog\/wp-json\/wp\/v2\/posts\/60","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/menamap.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/menamap.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/menamap.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/menamap.com\/blog\/wp-json\/wp\/v2\/comments?post=60"}],"version-history":[{"count":2,"href":"https:\/\/menamap.com\/blog\/wp-json\/wp\/v2\/posts\/60\/revisions"}],"predecessor-version":[{"id":198,"href":"https:\/\/menamap.com\/blog\/wp-json\/wp\/v2\/posts\/60\/revisions\/198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/menamap.com\/blog\/wp-json\/wp\/v2\/media\/61"}],"wp:attachment":[{"href":"https:\/\/menamap.com\/blog\/wp-json\/wp\/v2\/media?parent=60"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/menamap.com\/blog\/wp-json\/wp\/v2\/categories?post=60"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/menamap.com\/blog\/wp-json\/wp\/v2\/tags?post=60"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}