McDermott teams up with TH Heavy EngineeringCompany News // January 2, 2013
Affiliates of McDermott International and TH Heavy Engineering Berhad have formalised a joint venture to provide a broad spectrum of marine construction services, including full engineering, procurement, construction, installation and commissioning (EPCIC) solutions, to the Malaysian and Asia Pacific offshore oil and gas industry.
Scott Cummins, Senior Vice President and General Manager (Asia Pacific) of McDermott, and Nor Badli Mohamad Alias, Managing Director and Chief Executive Officer of THHE, signed agreements relating to the ownership structure of Berlian McDermott Sdn Bhd and TH Fabricators Sdn Bhd.
The joint venture also includes the formation of two local companies offering engineering, procurement and project management services, in which McDermott and THHE will have equal ownership.
The joint venture agreements are subject to approval from the shareholders of THHE.