Qatar LNG shipping giant Nakilat has 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.
Attending the signing agreement on 18 February was Qatar Energy Minister and Qatar Petroleum president and chief executive Saad Sherida Al-Kaabi.
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.
Nakilat chief executive Abdullah Al-Sulaiti said, “We 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’s ambition to be one of the leading energy producers and exporters in the world.”
McDermott senior vice president, Middle East and North Africa Linh Austin said, “This extension of our longstanding relationship with Nakilat is a natural continuation of McDermott’s history of successful project execution in Qatar and will enable both companies to use synergies and build on the combined strength of our respective organisations for the benefit of our customers.”