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Deep-water vessel marks McDermott's turnaround

Keppel-designed DLV 2000 instrumental to McDermott's subsea move, albeit at slower pace given low oil prices

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Keppel and McDermott executives at the naming ceremony of DLV 2000. McDermott will be winding down its operations in Singapore through to the third quarter of 2016. It is believed to be relocating some 100 employees from Singapore and hiring 150-60 more in Kuala Lumpur.

Singapore

HOUSTON-based offshore contracting giant McDermott International is set to take delivery by May from Keppel Singmarine (KSM) of a high specification deep-water derrick lay vessel in support of the contractor's drive to extend its footprint to deeper waters and remote oil and gas

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