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McDermott to bid for USD 5 bn in Asia offshore oil and gas contracts category
March 22, 2018

McDermott to bid for USD 5 bn in Asia offshore oil and gas contracts

McDermott International, the US engineering and construction company, is all set to bid for $5 billion contracts in the Asia Pacific as the region’s offshore oil and gas sector is slowly recovering. The company plans to place 20 bids for projects in Malaysia, India, Australia, Vietnam, Indonesia and Myanmar. Steady global oil prices with marked cost reductions in the upstream sector are encouraging companies to expand investments.

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