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Wednesday, April 29, 2015
McDermott International has formed a new JV company in Ghana with the Accra-based Hydra Offshore Group. The new JV company will be called McDermott Marine Construction Ghana Ltd. (MMCGL) and focus on opportunities offshore Ghana.
McDermott said the MMCGL JV will optimize both local and international expertise to support Ghana’s offshore oil and gas industry. The company will operate out of Accra and any initial support to develop and operate the JV will come from Houston and London.
“We believe the combination of McDermott’s global industry knowledge and track record of deepwater field development success, alongside Hydra Offshore’s strong local record in the Ghanaian market, optimizes this joint venture’s position to deliver the right offshore solutions and support future growth and experience transfer in Ghana,” said Scott Munro, McDermott’s Vice President, Americas, Europe& Africa.
MMCGL will operate out of Accra, Ghana. Any initial support to develop and operate the joint venture will be provided from London and Houston.
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