22FEB2019 - NEWS - Nakilat of Qatar inks agreement with McDermott of US to form a joint venture to provide offshore and onshore fabrication services in Qatar

Qatar LNG shipping giant Nakilat has recently signed an agreement with US-based McDermott to form a joint venture to provide offshore and onshore fabrication services in Qatar. The joint venture (JV) aims to increase productivity levels at Nakilat’s Erhama Bin Jaber Al Jalahma Shipyard and develop local construction capabilities to support the increasing demand for constructing offshore and onshore structures in Qatar. Nakilat will have a 60% stake in the venture, with McDermott controlling the remaining interest. The JV is aligned with Qatar’s ambition to localise its energy sector’s supply chain and increase its LNG production from 77 to 110 mta in the coming years. This project will provide a range of new services that will support Nakilat and its joint ventures to construct, maintain, repair and refurbish offshore and onshore structures, and all types of vessels. Operated from Nakilat’s shipyard in Ras Laffan Industrial City, the JV will have a 270-m construction hall and a 180-m assembly workshop featuring four bays for offshore and onshore modular construction. The JV will also leverage McDermott’s expertise in the field of onshore and offshore construction and Nakilat’s experience in providing fabrication services to Qatar’s oil and gas industry.

Published by Editor - www.Livebunkers.com at 22-Feb-2019 06:53:40 [UTC] , contact editor at editor@livebunkers.com