Thread regarding McDermott International Inc. layoffs

New Projects

It's really disappointing that the company does not disclose the amount of $$$ for awards. Seems to be happening since 2020 and COVID.

I see MDR has gotten a couple of FEED contracts and another contract recently. Does anyone know the $$$ amount? I can't find it anywhere and would really like to know. The MX Gulf project runs until 2025, so does that mean it is somewhat large in scale?

Thank you

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| 2317 views | | 5 replies (last )
Post ID: @OP+1aOTAThS

5 replies (most recent on top)

But it sure sounds good for another pump and dump maybe?

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Post ID: @elel+1aOTAThS

The feed contracts for these type scopes are generally far less 20 MUSD. And at very low margin. It doesn’t move the needle.

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Post ID: @9fxh+1aOTAThS

I agree with the first response - FEED work is generally not that expensive. Just some man-hours being sold by McDermott for project planning. Believe me, if these contracts were a big deal, you would know that they were a big deal. McDermott is in big trouble and these little projects won't help much - basically McDermott is about to disappear beyond the "event horizon".

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Post ID: @2ywk+1aOTAThS

The contracts are each less than $50 million, and will not add to their current overhead. So nothing to get excited about.

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Post ID: @1wpi+1aOTAThS

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