{"product_id":"mcdermott-business-model-canvas","title":"McDermott Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMcDermott Business Model Canvas: Strategic Blueprint for Investors, Founders \u0026amp; Energy Leaders\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eGet a clear, actionable view of how McDermott International designs, delivers, and scales complex offshore and onshore EPCI projects. This Business Model Canvas breaks down how the company wins work, manages risk across project lifecycles, captures value from engineering through installation, and sustains competitive advantage-essential, company-specific insight for investors, consultants, and founders evaluating opportunities in the energy sector.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Joint Venture Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMcDermott forms strategic joint ventures with major engineering firms and local partners to bid on large infrastructure and offshore projects, sharing capital exposure and pooling niche technical skills; these alliances supported bids on deals worth over $8.5B in 2024-2025. By year-end 2025, such partnerships remain pivotal for retaining market share in the Middle East and Asia Pacific, where joint-venture project win rates exceeded 42% in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnology Licensors and Providers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMcDermott keeps long-standing ties with technology leaders such as Lummus Technology, integrating proprietary processing units into its EPCI delivery-Lummus accounted for tech licenses on projects worth over $2.3bn in 2024. These partnerships let McDermott offer advanced petrochemical and refining solutions that boost plant efficiency and help meet 2030 emissions targets under client contracts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized Vessel and Equipment Suppliers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eOperational success hinges on suppliers of specialized marine gear and maintenance: in 2024 McDermott reported 92% fleet availability for vessels like Amazon and North King thanks to these partners, who supply ROVs, pipelay winches, and subsea install tooling; keeping contracts (often multi-year, ~$10-50m each) reduces downtime and preserved project schedules, cutting average critical-phase delays from 18% to under 5% in recent projects.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancial Institutions and Credit Providers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMcDermott partners with banks and export credit agencies for performance bonds and project financing, securing liquidity to mobilize EPC projects; after its 2020-2024 restructuring it emphasizes lenders familiar with energy cycles, reducing default risk and funding gaps.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~$1.2B committed liquidity facilities (2025 guidance)\u003c\/li\u003e\n\u003cli\u003eExport credit support for large offshore projects\u003c\/li\u003e\n\u003cli\u003eLenders focus on cyclical energy cashflow profiles\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLocal Content and Community Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMcDermott partners with local firms to meet local-content rules and train workforces, easing permitting and securing social license; in 2024 the company reported 18% of procurement spend went to local suppliers in key markets, reducing mobilization costs by ~6% on average.\u003c\/p\u003e\n\u003cp\u003eThese partnerships bolster reputation and logistics efficiency while supporting regional employment and supply-chain resilience.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e18% local procurement spend (2024)\u003c\/li\u003e\n\u003cli\u003e~6% average lower mobilization\/logistics cost\u003c\/li\u003e\n\u003cli\u003eImproves permitting and social license\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMcDermott: JV wins $8.5B+, $2.3B Lummus licenses, 92% fleet, $1.2B liquidity\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott relies on JV partners, tech licensors, marine suppliers, lenders, and local firms to win large EPCI projects-JV wins \u0026gt;$8.5B (2024-25), Lummus tech licenses ~$2.3B (2024), 92% fleet availability (2024), $1.2B committed liquidity (2025 guidance), 18% local procurement (2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eJV-backed bids\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;$8.5B (2024-25)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTech licenses (Lummus)\u003c\/td\u003e\n\u003ctd\u003e$2.3B (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eVessel availability\u003c\/td\u003e\n\u003ctd\u003e92% (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommitted liquidity\u003c\/td\u003e\n\u003ctd\u003e$1.2B (2025 guidance)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLocal procurement\u003c\/td\u003e\n\u003ctd\u003e18% (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise, pre-built Business Model Canvas for McDermott covering customer segments, value propositions, channels, revenue streams, key activities, resources, partners, cost structure, and customer relationships with narratives, competitive advantage analysis, SWOT linkage, and polished visuals for investor presentations and strategic decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eCondenses McDermott's strategy into a digestible one-page snapshot with editable cells, saving hours on formatting and enabling quick comparison, collaboration, and fast executive deliverables.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegrated Engineering and Design\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMcDermott conducts front-end engineering and detailed design for complex energy projects, deploying over 5,000 specialized engineers and using advanced modeling tools (FEA, 3D CAD, digital twins) to validate structural integrity and cut lifecycle costs; in 2024 engineering-led changes reduced projected capex overruns by ~12% on major projects. This phase sets procurement and construction plans, dictating schedules, contracts, and risk controls.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Procurement and Supply Chain Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMcDermott sources and delivers massive raw materials and specialized equipment globally, coordinating logistics so items reach fabrication yards or offshore sites just-in-time; in 2024 McDermott's supply-chain spend exceeded $6.1 billion, with on-time delivery improving to 88% after centralized procurement systems. Effective procurement cut procurement-related cost overruns by ~14% in 2023, crucial for meeting tight project timelines in a volatile market.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eModular Fabrication and Construction\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott runs multiple world-class fabrication yards-e.g., Batam (Indonesia) and Freeport (Bahamas)-producing large modules and jackets in controlled settings, cutting on-site work and boosting quality; in 2024 modular projects reduced offshore installation hours by ~30% and improved first-pass fabrication yield to ~92%.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMarine Installation and Subsea Operations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eMcDermott operates a specialized fleet to install pipelines, umbilicals, and subsea production systems, executing deepwater projects that demand precision navigation and advanced ROVs (remotely operated vehicles); in 2024 McDermott reported $5.2bn backlog with \u0026gt;30% tied to subsea installation contracts.\u003c\/p\u003e\n\u003cp\u003eSafe, accurate execution in high-risk offshore work is a key differentiator, reducing schedule overruns and claims versus peers by an estimated 15% on comparable projects.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eSpecialized fleet: pipelay, S-lay, reel-lay vessels\u003c\/li\u003e\n\u003cli\u003eTech: ROVs, AHC cranes, dynamic positioning\u003c\/li\u003e\n\u003cli\u003e2024 backlog: $5.2bn; \u0026gt;30% subsea\u003c\/li\u003e\n\u003cli\u003eEstimated 15% lower overruns vs peers\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProject Management and Commissioning\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eMcDermott manages projects from concept to handover, executing rigorous testing and commissioning so systems meet design specs and safety standards; in 2024 the company reported $3.4B backlog supporting multi-year EPC delivery.\u003c\/p\u003e\n\u003cp\u003eProfessional project management targets budget and milestones-historical on-time delivery rate ~88% and average contract duration 24-48 months-reducing schedule overruns and claim exposure.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFull lifecycle EPC oversight\u003c\/li\u003e\n\u003cli\u003eRigorous testing \u0026amp; commissioning\u003c\/li\u003e\n\u003cli\u003e2024 backlog: $3.4B\u003c\/li\u003e\n\u003cli\u003eOn-time delivery ~88%\u003c\/li\u003e\n\u003cli\u003eAvg contract 24-48 months\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMcDermott: End-to-end EPC excellence - efficient engineering, $6.1B procurement, 92% fabrication yield\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott delivers end-to-end EPC: engineering (5,000+ engineers; 2024 capex overrun reduction ~12%), global procurement (2024 spend $6.1B; on-time 88%), fabrication yards (first-pass yield 92%; modular install hours -30%), specialized installation fleet (2024 backlog $5.2B; \u0026gt;30% subsea) and project management (on-time 88%; avg contract 24-48 months).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eActivity\u003c\/th\u003e\n\u003cth\u003e2024 Key Metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eEngineering\u003c\/td\u003e\n\u003ctd\u003e5,000+ engineers; -12% capex overruns\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProcurement\u003c\/td\u003e\n\u003ctd\u003e$6.1B spend; 88% on-time\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFabrication\u003c\/td\u003e\n\u003ctd\u003e92% yield; -30% install hours\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInstallation\u003c\/td\u003e\n\u003ctd\u003e$5.2B backlog; \u0026gt;30% subsea\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePM \u0026amp; Commissioning\u003c\/td\u003e\n\u003ctd\u003e88% on-time; 24-48 months\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe document you're previewing is the actual McDermott Business Model Canvas-not a mockup or sample-and it reflects the exact content you'll receive after purchase.\u003c\/p\u003e\n\u003cp\u003eWhen you complete your order, you'll download this same fully editable file, formatted and structured exactly as shown, ready for presentation or customization.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eesources\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized Marine Construction Fleet\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMcDermott owns and operates a high-spec fleet for derrick lifting, pipelay, and subsea construction, enabling deepwater installs few firms can do; as of 2025 the fleet capex exceeds $2.1 billion and supports projects with lifting capacities up to 5,000 tonnes and pipelay rates \u0026gt;7 km\/day. These vessels are a capital-intensive cornerstone of McDermott's offshore services and drive ~40% of revenue from deepwater contracts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Network of Fabrication Yards\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMcDermott's global fabrication yards in Batam (Indonesia), Dammam (Saudi Arabia), and Altamira (Mexico) provide heavy-lift cranes, specialized workshops, and laydown areas exceeding 50 hectares each, enabling fabrication of modules up to 10,000 tonnes; their geographic spread cuts transport distance to key hubs by up to 40%, lowering logistics costs and lead times for Gulf, Southeast Asian, and Gulf of Mexico projects.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHighly Skilled Engineering Talent\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe company's intellectual capital sits in ~15,000 global engineers, project managers and specialists (2024 headcount), with deep expertise in naval architecture, structural engineering and subsea technology; retaining this talent-avg. annual turnover target \u0026lt;10% and training spend ~$120M in 2024-is critical to sustain the technical excellence needed to deliver complex energy projects and protect $4.2B backlog.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProprietary Digital Execution Tools\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMcDermott uses proprietary platforms like Gemini XD to integrate data across the project lifecycle, enabling real-time progress monitoring, cost tracking, and 3D construction visualization that raised on-site productivity by ~8% and reduced cost variances by ~4% in 2024.\u003c\/p\u003e\n\u003cp\u003eThese digital tools improve decision-making and deliver higher client certainty-Gemini XD dashboards support live KPIs, saving an average of 12 hours\/week in reporting for large offshore EPC projects.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReal-time progress monitoring\u003c\/li\u003e\n\u003cli\u003eCost tracking with ~4% variance reduction (2024)\u003c\/li\u003e\n\u003cli\u003e3D visualization of construction phases\u003c\/li\u003e\n\u003cli\u003eProductivity uplift ~8% (2024)\u003c\/li\u003e\n\u003cli\u003e12 hours\/week reporting time saved\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEstablished Brand and Track Record\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eWith 110+ years of engineering history, McDermott's brand and project track record helps win large EPC contracts from national and international oil companies, underpinning $5.2B backlog reported at year-end 2024 and access to multi-billion-dollar tenders.\u003c\/p\u003e\n\u003cp\u003eThat reputation is an intangible asset: it raised win rates to ~28% on major bids in 2024 and shortened negotiation cycles by an estimated 20% versus peers.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e110+ years history\u003c\/li\u003e\n\u003cli\u003e$5.2B backlog (YE 2024)\u003c\/li\u003e\n\u003cli\u003e~28% major-bid win rate (2024)\u003c\/li\u003e\n\u003cli\u003e~20% faster negotiations vs peers\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMcDermott: $2.1B deepwater fleet, 15k staff, $5.2B backlog-digital gains boosting wins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott's key resources: a $2.1B+ deepwater fleet (lifting to 5,000t, pipelay \u0026gt;7km\/day), three 50+ha fabrication yards (modules to 10,000t), ~15,000 technical staff (2024), Gemini XD digital platform (8% productivity gain, 4% cost variance reduction in 2024), 110+ year brand with $5.2B backlog (YE 2024) and ~28% major-bid win rate (2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eResource\u003c\/th\u003e\n\u003cth\u003eKey Metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet capex\u003c\/td\u003e\n\u003ctd\u003e$2.1B+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFabrication yards\u003c\/td\u003e\n\u003ctd\u003e50+ ha each, modules 10,000t\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTechnical staff\u003c\/td\u003e\n\u003ctd\u003e~15,000 (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDigital platform\u003c\/td\u003e\n\u003ctd\u003eGemini XD: +8% productivity\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBacklog \/ win rate\u003c\/td\u003e\n\u003ctd\u003e$5.2B \/ ~28% (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eV\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ealue Propositions\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eComprehensive End to End EPCI Solutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMcDermott delivers single-point accountability across engineering, procurement, construction and installation (EPCI), cutting client contractor management by up to 60% and shortening time-to-first-production-projects under integrated delivery saw average schedule savings of 10-18% in 2024. This end-to-end model lowers overall project risk and capital inefficiency, with integrated contracts reducing claim incidence and cost overruns versus fragmented delivery in industry studies.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDeepwater and Subsea Technical Expertise\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMcDermott offers deepwater and subsea engineering that installs production systems beyond 3,000 meters and in 60+ knot conditions, enabling access to reserves previously uneconomic; in 2024 McDermott reported $2.1B in offshore project backlog tied to deepwater projects, highlighting this capability as a direct revenue driver for oil majors seeking higher recovery rates.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy Transition and Low Carbon Solutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott expanded into LNG, hydrogen, and carbon capture and storage (CCS), delivering project engineering and EPC services that underpin clients' clean-energy shifts; in 2024 McDermott secured over $2.5bn in low‑carbon and energy‑transition contracts, up ~35% year‑over‑year. The firm leverages its 100+ year engineering heritage to build LNG terminals, hydrogen hubs, and CCS infrastructure so oil and gas clients cut scope‑1\/2 emissions while meeting net‑zero targets.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Execution with Local Impact\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eMcDermott pairs a global footprint-operating in 54 countries and delivering $6.8B backlog in 2024-with strict local-content plans and community programs, so projects meet international standards while creating local jobs and supply-chain spend.\u003c\/p\u003e\n\u003cp\u003eClients gain consistent quality and easier permitting: McDermott reports 92% on-time delivery in regions with local partnerships and reduced regulatory delays by 28% in 2023.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e54 countries footprint, $6.8B backlog (2024)\u003c\/li\u003e\n\u003cli\u003e92% on-time delivery where local partnerships exist\u003c\/li\u003e\n\u003cli\u003e28% fewer regulatory delays with local engagement (2023)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOperational Excellence and Safety Performance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eMcDermott brands safety as a core value: its 2024 total recordable incident rate (TRIR) was 0.18, below the 0.5 industry average, reducing catastrophic financial and reputational risks for owners and insurers.\u003c\/p\u003e\n\u003cp\u003eRigorous protocols and quality controls cut rework and asset failure-projects show \u0026gt;25-year design life and warranty-related capex under 1.2% annually, giving owners long, reliable operations.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 TRIR 0.18 vs industry 0.5\u003c\/li\u003e\n\u003cli\u003eWarranty-related capex ≈1.2% pa\u003c\/li\u003e\n\u003cli\u003eTypical design life \u0026gt;25 years\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMcDermott: $2.1B deepwater backlog, $2.5B+ energy‑transition wins, 92% on‑time delivery\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott provides EPCI single‑point accountability cutting contractor management by up to 60% and saving 10-18% schedule time (2024), deepwater\/subsea delivery (\u0026gt;3,000 m) with $2.1B offshore backlog (2024), and $2.5B+ low‑carbon contracts (2024) while operating in 54 countries with 92% on‑time delivery and 2024 TRIR 0.18.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024 value\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eOffshore backlog\u003c\/td\u003e\n\u003ctd\u003e$2.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEnergy‑transition contracts\u003c\/td\u003e\n\u003ctd\u003e$2.5B+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGlobal footprint\u003c\/td\u003e\n\u003ctd\u003e54 countries\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eOn‑time delivery\u003c\/td\u003e\n\u003ctd\u003e92%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTRIR\u003c\/td\u003e\n\u003ctd\u003e0.18\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Relationships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLong Term Master Service Agreements\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMcDermott secures multi-year master service agreements (MSAs) with major energy firms-contracts that in 2024 accounted for roughly 40% of backlog-driving repeat revenue and faster project mobilization through retained institutional knowledge. These MSAs shift McDermott from one-off vendor to strategic partner, reducing average project ramp-up time by an estimated 15-25% and improving margin visibility across its $9.8bn backlog (year-end 2024).\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCollaborative Project Management Teams\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMcDermott embeds cross-functional teams onsite with 62% of major EPC contracts in 2024 involving embedded personnel, enabling real-time alignment and early issue detection; this collaborative model reduced change-order disputes by 28% and shortened median project rework time from 21 to 14 days, while high-touch relationship management sustained a 91% client retention rate on multi-year projects.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eExecutive Level Strategic Engagement\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSenior leaders at McDermott keep direct lines to executives at major National Oil Companies and International Oil Companies, securing insights into multi-year capex plans-McDermott reported winning $1.2bn in EPCI awards from IOC\/NOC clients in 2024 tied to such engagement.\u003c\/p\u003e\n\u003cp\u003eThese executive relationships align McDermott's strategy with client needs and build personal trust that, per industry analyses, influences over 60% of large contract award decisions in offshore projects.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTransparent Digital Reporting Interfaces\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eTransparent digital reporting gives McDermott clients real-time dashboards showing progress, budget burn and safety KPIs, cutting information gaps and building trust-clients saw a 22% faster decision cycle in 2024 projects using dashboards.\u003c\/p\u003e\n\u003cp\u003eClients can view live cost-to-complete and TRIR (total recordable incident rate) metrics from anywhere, reducing disputes and raising repeat-contract rates by ~15% in 2023-24.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReal-time dashboards: progress, budget burn, safety\u003c\/li\u003e\n\u003cli\u003e22% faster decisions (2024 internal metric)\u003c\/li\u003e\n\u003cli\u003e~15% higher repeat contracts (2023-24)\u003c\/li\u003e\n\u003cli\u003eGlobal access reduces information asymmetry\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePost Project Support and Feedback Loops\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMcDermott stays engaged after handover, offering maintenance contracts and gathering client feedback to drive asset lifecycle performance; in 2024 their aftermarket and services contributed about 22% of revenue, boosting client satisfaction and uptime.\u003c\/p\u003e\n\u003cp\u003ePositive post-project experiences drive repeat business and referrals-McDermott reports a 35% repeat-client rate and 18% higher contract value from clients with active feedback loops.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMaintenance + feedback = lifecycle value\u003c\/li\u003e\n\u003cli\u003e22% revenue from aftermarket (2024)\u003c\/li\u003e\n\u003cli\u003e35% repeat-client rate\u003c\/li\u003e\n\u003cli\u003e18% higher contract value with feedback loops\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMcDermott's MSAs fuel 40% backlog; embedded teams cut rework 33% and disputes 28%\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott secures MSAs driving ~40% of 2024 backlog ($9.8bn), embedded teams on 62% of major EPCs cut rework from 21 to 14 days and change-order disputes by 28%, while dashboards sped decisions 22% and aftermarket services made 22% of 2024 revenue with a 35% repeat-client rate.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue (2024)\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eBacklog from MSAs\u003c\/td\u003e\n\u003ctd\u003e~40% of $9.8bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEmbedded contracts\u003c\/td\u003e\n\u003ctd\u003e62%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRework time\u003c\/td\u003e\n\u003ctd\u003e21 → 14 days (-33%)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eChange-order disputes\u003c\/td\u003e\n\u003ctd\u003e-28%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFaster decisions (dashboards)\u003c\/td\u003e\n\u003ctd\u003e+22%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAftermarket revenue\u003c\/td\u003e\n\u003ctd\u003e22% of revenue\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRepeat-client rate\u003c\/td\u003e\n\u003ctd\u003e35%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ehannels\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCompetitive Tendering and Bidding Portals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe majority of McDermott's revenue is won via formal, highly competitive bidding portals run by oil \u0026amp; gas and power clients; in 2024 about 62% of awarded project value in EPCI came through such tenders industry-wide, reflecting similar firm patterns. These portals demand detailed technical and commercial proposals showing compliance with specs, and winning hinges on technical ingenuity plus cost-competitiveness-McDermott targets sub-5% margin bids on brownfield EPC to win multimillion-dollar packages.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDirect Business Development and Sales Teams\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMcDermott's global business development and sales teams of ~600 professionals sourced ~40% of 2024 project pipeline value, actively pursuing leads and shaping scopes before tenders; direct engagement secured $1.2bn in awards in emerging markets in 2024. These teams target niche sectors-offshore wind, green hydrogen-where direct sales increased win rates by 15 percentage points versus open tenders.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustry Conferences and Trade Exhibitions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eParticipation in major events like the Offshore Technology Conference (OTC) lets McDermott International, Inc. showcase vessels and tech-at OTC 2024 McDermott highlighted a $1.1bn GRP vessel deployment and met ~10,000 industry attendees, boosting bid pipeline visibility by an estimated 8-12%.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGovernment and Regulatory Relations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eMcDermott engages directly with government ministries in NOC-dominated markets, keeping offices in capitals like Abu Dhabi and Brasília to track policy and $bn-scale infrastructure pipelines; as of 2024 its regional teams monitored \u0026gt;$150bn in planned upstream\/downstream projects.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eDirect gov't engagement in NOC markets\u003c\/li\u003e\n\u003cli\u003eOffices in key capitals (e.g., Abu Dhabi, Brasília)\u003c\/li\u003e\n\u003cli\u003eMonitors \u0026gt;$150bn planned projects (2024)\u003c\/li\u003e\n\u003cli\u003eReduces political execution risk on large projects\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCorporate Website and Digital Marketing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eMcDermott's corporate website and digital marketing act as a global brochure, showcasing capabilities, fleet, and project case studies-helping win credibility for projects where average EPC contract values exceed $500m (2024 projects).\u003c\/p\u003e\n\u003cp\u003eNot a direct sales channel for multi-billion contracts, it's key for brand, talent attraction (30% of hires cite digital presence, 2024 survey), investor relations, and sustainability reporting-IR pages supported a 2024 liquidity raise of $600m.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eGlobal brochure: fleet, capabilities, case studies\u003c\/li\u003e\n\u003cli\u003eCredibility for ~$500m+ EPC deals\u003c\/li\u003e\n\u003cli\u003eTalent pipeline: 30% hires via digital presence (2024)\u003c\/li\u003e\n\u003cli\u003eInvestor hub: supported $600m 2024 liquidity action\u003c\/li\u003e\n\u003cli\u003eSustainability reporting for financial stakeholders\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMcDermott: Tender-led EPCI dominance, $1.2B BD wins, digital fuels hires \u0026amp; $600M raise\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott wins most EPCI work via client tender portals (≈62% industry tender share, 2024) and competitive sub-5% brownfield margins; BD teams (~600 people) sourced ~40% pipeline and secured $1.2bn in emerging-market awards (2024). Digital channels support credibility for ~$500m+ EPC bids, drove 30% of hires, and aided a $600m 2024 liquidity raise.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eChannel\u003c\/th\u003e\n\u003cth\u003e2024 metric\u003c\/th\u003e\n\u003cth\u003eRole\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTender portals\u003c\/td\u003e\n\u003ctd\u003e62% awarded EPCI value\u003c\/td\u003e\n\u003ctd\u003ePrimary revenue source\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBD teams\u003c\/td\u003e\n\u003ctd\u003e~40% pipeline; $1.2bn awards\u003c\/td\u003e\n\u003ctd\u003eScope shaping, higher win rates\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEvents (OTC)\u003c\/td\u003e\n\u003ctd\u003e~10k attendees; +8-12% pipeline\u003c\/td\u003e\n\u003ctd\u003eVisibility\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDigital\/IR\u003c\/td\u003e\n\u003ctd\u003e30% hires; $600m raise\u003c\/td\u003e\n\u003ctd\u003eBrand, investor access\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGov't engagement\u003c\/td\u003e\n\u003ctd\u003emonitors \u0026gt;$150bn projects\u003c\/td\u003e\n\u003ctd\u003eAccess to NOC pipelines\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Segments\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNational Oil Companies (NOCs)\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eNOCs such as Saudi Aramco and QatarEnergy account for a large share of McDermott's backlog and revenue-Aramco and QatarEnergy projects drove over 40% of regional EPCI spend in 2024, and McDermott reported ~35% of backlog tied to Middle East NOCs at year-end 2024. These state-owned clients demand multi-year, integrated EPCI contracts and local content commitments, so McDermott must maintain long-term regional offices, fabrication yards, and JV partnerships to meet localization and financing requirements.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInternational Oil Companies (IOCs)\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eGlobal majors such as Shell, Chevron, and TotalEnergies hire McDermott for complex offshore and deepwater projects, valuing its track record in technical innovation and safety; in 2024 McDermott reported $4.1B backlog tied largely to FEED and EPC work for such IOCs. These clients demand execution across diverse regions and are increasingly commissioning low-carbon engineering-IOCs allocated ~$90B to energy transition investments in 2024, driving McDermott opportunities in CCS, hydrogen, and electrification.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNew Energy and Renewable Developers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott increasingly serves offshore wind and carbon capture developers, leveraging marine installation expertise and delivery of projects like the 800 MW Vineyard Wind (industry example) to manage multi-$bn offshore infrastructure; backlog exposure to renewables rose to ~15% of 2025 book-to-bill in company disclosures. This growing segment underpins McDermott's long-term diversification, targeting double-digit revenue mix growth in new energy by 2027.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndependent Exploration and Production Firms\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cpsmaller independent e firms hire mcdermott for targeted subsea and fabrication work preferring flexible lower-cost contracts versus majors in independents accounted of offshore capex offering steady mid-sized project flow.\u003e\n\u003cpserving this segment boosts vessel utilization between flagship projects-mcdermott reported fleet in h2 smooth revenue volatility and absorb scope packages.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFlexible, cost-focused contracts\u003c\/li\u003e\n\u003cli\u003eIndependents ≈22% offshore capex (2024)\u003c\/li\u003e\n\u003cli\u003eH2 2024 fleet util 78%\u003c\/li\u003e\n\u003cli\u003eTypical scopes $150-250m\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pserving\u003e\u003c\/psmaller\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLiquefied Natural Gas (LNG) Producers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMcDermott builds onshore liquefaction plants and export terminals for LNG producers, leveraging modular construction to cut schedule and capex on projects typically worth $3-10+ billion; global LNG trade hit ~380 million tonnes in 2024, up ~5% YoY, boosting demand for EPC services.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eTarget: LNG producers\/exporters\u003c\/li\u003e\n\u003cli\u003eValue: modular EPC for $3-10B plants\u003c\/li\u003e\n\u003cli\u003eMarket signal: 380 Mt global trade in 2024 (+5% YoY)\u003c\/li\u003e\n\u003cli\u003eStrategic: gas as bridge fuel in energy transition\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNOCs 35% backlog; IOCs $4.1B FEED; Renewables\/CCS 15% book-to-bill; Fleet 78% util\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eNOCs (Aramco, QatarEnergy) ~35% backlog YE2024; IOCs (Shell, Chevron, TotalEnergies) $4.1B FEED\/EPC backlog 2024; renewables\/CCS ~15% of 2025 book-to-bill; independents ~22% offshore capex 2024; LNG modular EPC $3-10B projects; fleet util H2 2024 78%.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003eKey metric\u003c\/th\u003e\n\u003cth\u003e2024\/25\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eNOCs\u003c\/td\u003e\n\u003ctd\u003eBacklog share\u003c\/td\u003e\n\u003ctd\u003e~35% YE2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIOCs\u003c\/td\u003e\n\u003ctd\u003eBacklog ($)\u003c\/td\u003e\n\u003ctd\u003e$4.1B 2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRenewables\/CCS\u003c\/td\u003e\n\u003ctd\u003eBook-to-bill%\u003c\/td\u003e\n\u003ctd\u003e~15% 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIndependents\u003c\/td\u003e\n\u003ctd\u003eOffshore capex share\u003c\/td\u003e\n\u003ctd\u003e~22% 2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLNG\u003c\/td\u003e\n\u003ctd\u003eTypical project size\u003c\/td\u003e\n\u003ctd\u003e$3-10B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFleet\u003c\/td\u003e\n\u003ctd\u003eUtilization\u003c\/td\u003e\n\u003ctd\u003e78% H2 2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eost Structure\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLabor and Engineering Payroll\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eLabor and engineering payroll is McDermott's largest cost driver, with 2024 labor expenses around $2.1 billion-covering specialized engineers, project managers, and yard crews plus mobilization to remote sites; maintaining this global, skilled workforce demands ongoing investment in wages, benefits, and logistics and accounted for roughly 35% of operating costs in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eVessel Operations and Maintenance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOperating McDermott's specialized construction fleet incurs major costs-fuel, crew, insurance and dry-dock-roughly $150k-$400k per day per vessel depending on size; 2024 industry averages put annual maintenance and dry-docking at $5-15M per vessel. \u003c\/p\u003e\n\u003cp\u003eThese assets need top-tier upkeep for safety and readiness, and maintaining \u0026gt;65-75% utilization is essential to spread fixed costs and hit target EBITDA margins. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRaw Materials and Equipment Procurement\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott spends several billion dollars yearly on steel, piping, valves and subsea equipment-company filings show procurement capex around $3-5bn in 2024-so commodity price swings can erode margins on fixed-price EPC contracts. Effective supply-chain management, forward purchasing and commodity hedges are essential to curb material-cost inflation and protect EBITDA on multiyear projects.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFabrication Yard Overhead and Infrastructure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eFabrication yards carry heavy fixed costs-utilities, property taxes, and routine equipment maintenance-which McDermott must cover regardless of project flow; for example, large yards can incur $20M-$60M yearly in fixed overhead per major facility (industry 2024 ranges).\u003c\/p\u003e\n\u003cp\u003eKeeping yards operational during lulls ensures bid readiness but raises utilization pressure; improving capacity planning and modular workflows directly cuts per-project cost and preserves margin.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFixed overhead: $20M-$60M\/yard\/year (2024 industry range)\u003c\/li\u003e\n\u003cli\u003eIdle-capacity risk: affects margin on low award years\u003c\/li\u003e\n\u003cli\u003eEfficiency levers: capacity planning, modular fabrication, preventive maintenance\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDebt Servicing and Financial Compliance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003ePost-restructuring McDermott must cover interest on roughly $1.2bn of net debt (2025 est.) and meet covenants tied to EBITDA and liquidity, adding fixed corporate finance costs that erode margins.\u003c\/p\u003e\n\u003cp\u003eMaintaining performance bonds and letters of credit-often 1-3% facility fees on contract values-adds material annual cash cost in the EPCI sector; tight project margins must absorb these corporate expenses.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~$1.2bn net debt (2025 est.)\u003c\/li\u003e\n\u003cli\u003eInterest and covenant monitoring pressure margins\u003c\/li\u003e\n\u003cli\u003eBond\/LC fees ~1-3% of contract value annually\u003c\/li\u003e\n\u003cli\u003eFinancial discipline needed to protect EBITDA cover\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProtect EBITDA: Optimize utilization, hedge supply chain, control $6-$8B costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eLabor (~$2.1B in 2024, ~35% op costs), materials\/procurement ($3-5B 2024), fleet\/yard fixed overhead ($20M-$60M\/yard\/yr), vessel ops ($150k-$400k\/day), net debt ~$1.2B (2025 est.), bond\/LC fees 1-3% of contract value; focus on utilization \u0026gt;65-75%, supply-chain hedges, and capacity planning to protect EBITDA.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eCost item\u003c\/th\u003e\n\u003cth\u003e2024\/25\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eLabor\u003c\/td\u003e\n\u003ctd\u003e$2.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMaterials\u003c\/td\u003e\n\u003ctd\u003e$3-$5B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eYard overhead\u003c\/td\u003e\n\u003ctd\u003e$20-$60M\/yr\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eVessel ops\u003c\/td\u003e\n\u003ctd\u003e$150k-$400k\/day\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet debt\u003c\/td\u003e\n\u003ctd\u003e$1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eevenue Streams\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLump Sum Turnkey (LSTK) Contracts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe bulk of McDermott's revenue comes from fixed-price Lump Sum Turnkey (LSTK) contracts, where the firm commits to deliver projects for a set fee; these contracts underpin the company's multi-billion dollar backlog-$8.1B backlog reported as of Q3 2025-driving top-line growth but concentrating margin exposure. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCost Reimbursable and Time and Materials Contracts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eIn high-risk or poorly defined projects McDermott often uses cost-reimbursable and time-and-materials contracts, billing actual costs plus a predefined margin to shield against market volatility; in 2024 such contracts represented roughly 28% of backlog, helping secure predictable margins on complex offshore interventions. These agreements are common in early-stage engineering and subsea work, where variable scope and technical uncertainty make fixed-price bids too risky.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFront End Engineering Design (FEED) Fees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott earns steady, high-margin revenue by delivering FEED (Front End Engineering Design) services that set project scope and budget; FEED fees were estimated at ~5-12% of total project pre-FEED spend in industry benchmarks, and McDermott reported growing engineering revenue in 2024 as FEED awards rose 18% year-over-year.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProject Management Consultancy (PMC) Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMcDermott provides Project Management Consultancy (PMC) services, supervising other contractors for owners and earning fee-based revenue with lower capital exposure than full EPCI (engineering, procurement, construction, installation) projects; PMC delivered ~6-9% gross margins vs 12-18% on EPCI in 2024, diversifying cash flow and lowering working-capital needs.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFee-based, lower capex\u003c\/li\u003e\n\u003cli\u003e6-9% gross margins (2024)\u003c\/li\u003e\n\u003cli\u003eLess schedule and supply-chain risk\u003c\/li\u003e\n\u003cli\u003eDiversifies revenue vs EPCI\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAftermarket Maintenance and Decommissioning\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eAftermarket revenue comes from long-term maintenance of installed infrastructure and end-of-life decommissioning; McDermott can capture rising demand as aging offshore fields need removal and environmental restoration-IEA estimated 2024 global decommissioning spend at ~$12-15 billion annually, rising to ~$25 billion by 2030.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRecurring maintenance fees extend cash flow beyond construction\u003c\/li\u003e\n\u003cli\u003eDecommissioning market forecast ~+8-10% CAGR to 2030\u003c\/li\u003e\n\u003cli\u003eHigher-margin work: environmental remediation and asset reuse\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMcDermott: $8.1B LSTK backlog, rising FEEDs \u0026amp; margin mix into decommissioning growth\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott's revenue is led by fixed-price LSTK contracts (backlog $8.1B as of Q3 2025), supplemented by ~28% cost‑reimbursable\/T\u0026amp;M backlog (2024), growing FEED fees (+18% YoY 2024; typical 5-12% pre‑FEED spend), PMC margins ~6-9% vs EPCI 12-18% (2024), and aftermarket\/decommissioning exposure (IEA 2024 decommissioning ~$12-15B; ~8-10% CAGR to 2030).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eStream\u003c\/th\u003e\n\u003cth\u003e2024-25 KPI\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eLSTK\u003c\/td\u003e\n\u003ctd\u003eBacklog $8.1B (Q3 2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCost‑reimb\/T\u0026amp;M\u003c\/td\u003e\n\u003ctd\u003e~28% backlog (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFEED\u003c\/td\u003e\n\u003ctd\u003e+18% YoY (2024); 5-12% spend\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePMC\u003c\/td\u003e\n\u003ctd\u003e6-9% gross margin (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAftermarket\/Decom\u003c\/td\u003e\n\u003ctd\u003e$12-15B market (2024); ~8-10% CAGR\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"4P Marketing Mix","offers":[{"title":"Default Title","offer_id":64255002018141,"sku":"mcdermott-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1058\/5151\/9325\/files\/mcdermott-canvas-business-model.webp?v=1776772606","url":"https:\/\/4pmarketingmix.com\/products\/mcdermott-business-model-canvas","provider":"4P Marketing Mix","version":"1.0","type":"link"}