McDermott Funding: How Much Did They Raise & Key Investors

How Much Did McDermott Raise?
Funding & Key Investors

McDermott, a global leader in integrated engineering, procurement, construction, and installation (EPCI) services for upstream field developments, has secured $350M in total capital, with a recent strategic investment of $350M. This significant financing underscores the company's established position in the complex offshore and sub-sea oil and gas project sector, enabling continued delivery of critical hydrocarbon production and transportation infrastructure.

What is McDermott?

McDermott

Construction

Civil Engineering Construction

Architecture, Engineering & Design

Founded in 1923 and headquartered in Houston, Texas, McDermott specializes in providing end-to-end solutions for upstream field developments worldwide. The company's expertise spans the creation of fixed and floating production facilities, pipelines, and sub-sea systems, guiding projects from initial concept through to final commissioning. McDermott's core competency lies in executing intricate offshore and sub-sea oil and gas projects, facilitating the safe production and transportation of hydrocarbons for its clientele.

How much funding has McDermott raised?

McDermott has raised a total of $350M across 1 funding round:

2019

Debt

$350M

Debt (2019): $350M, investors not publicly disclosed

What's next for McDermott?

The recent major strategic investment signals McDermott's ongoing commitment to its core EPCI services within the energy sector. This capital infusion is expected to bolster its capacity to undertake large-scale, complex offshore projects, reinforcing its role as a key player in the global oil and gas infrastructure landscape. The company is poised to leverage this backing to enhance its operational capabilities and pursue further growth opportunities in challenging deepwater environments.

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