McDermott Reaches 45-million Man-hours Without LTI in Middle East
07 November 2016 - 11:00PM
McDermott International Inc. (NYSE:MDR), a leading provider of
integrated engineering, procurement, construction and installation
(EPCI) services for upstream field developments worldwide, reached
45-million man-hours without a lost time incident (LTI) in its
Middle East Area.
A photo accompanying this announcement is available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/adc29924-c8ad-4b86-a50a-57b79641a8f4
The industry-leading Quality Health Safety Environment Security
(QHSES) milestone, which was reached on October 24th 2016, has been
achieved in part through the company-wide adoption of McDermott’s
Taking the Lead program which embeds excellence in QHSES
performance into the company culture.
McDermott already sets an example for sub-contractors, partners
and clients for outstanding QHSES performance and will continue to
raise further awareness of Taking the Lead with its vendors and
partners around the world in 2017.
“The safety of our staff, partners, clients and vendors is of
utmost importance to McDermott and we strive to be an industry
leader in QHSES,” said John Macpherson, McDermott’s Senior
Director, Global QHSES. “We have reached significant QHSES
achievements at facilities around the world, and the Middle East
sets a new record achievement in reaching 45-million man-hours
LTI-free. We hope to continue setting a positive QHSES example
across the globe.”
To further evolve the QHSES culture instilled by Taking the
Lead, the McDermott Operational Values (MOV) were created to
identify key procedures and processes fostering safety first
attitudes and behaviors.
Following a global MOV rollout event in Dubai, Linh Austin,
McDermott’s Vice President, Middle East and Caspian, said, “At
McDermott, we don’t have a safety initiative, we have a safety
culture; a culture where high QHSES standards are part of the
McDermott DNA. This is thanks in part to our employee-driven
initiatives like Taking the Lead and McDermott Operational Values.
Our staff embodies these initiatives to find better, safer ways of
working, which translates into not only improved quality of work
for them, but for our customers as well.”
Note to EditorsThe nine MOVs are Readiness
Planning, Permit to Work, Energy Isolation, Ground Disturbance,
Work at Height, Confined Space Entry, Plant and Equipment, Lifting
Operations, Management of Change.
About McDermottMcDermott is a leading provider
of integrated engineering, procurement, construction and
installation (EPCI) services for upstream field developments
worldwide. The Company delivers fixed and floating production
facilities, pipelines and subsea systems from concept to
commissioning for complex offshore and subsea oil and gas projects
to help oil companies safely produce and transport hydrocarbons.
Our customers include national and major energy companies.
Operating in approximately 20 countries across the world, our
locally focused and globally integrated resources include
approximately 12,400 employees, a diversified fleet of specialty
marine construction vessels, fabrication facilities and engineering
offices. We are renowned for our extensive knowledge and
experience, technological advancements, performance records,
superior safety and commitment to deliver. McDermott has served the
energy industry since 1923. As used in this press release,
McDermott includes McDermott International, Inc. and its
subsidiaries and affiliates. To learn more, visit our website at
www.mcdermott.com.
Forward-Looking StatementIn accordance with the
Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995, McDermott cautions that statements in this press
release which may be forward-looking, and provide other than
historical information, involve risks, contingencies and
uncertainties that may impact McDermott's actual results of
operations. Although we believe that the expectations reflected in
those forward-looking statements are reasonable, we can give no
assurance that those expectations will prove to have been correct.
Those statements are made by using various underlying assumptions
and are subject to numerous risks, contingencies and uncertainties,
including, among others: adverse changes in the markets in which we
operate or credit markets, our inability to successfully execute on
contracts in backlog, changes in project design or schedules, the
availability of qualified personnel, changes in the terms, scope or
timing of contracts, contract cancellations, change orders and
other modifications and actions by our customers and other business
counterparties, changes in industry norms and adverse outcomes in
legal or other dispute resolution proceedings. If one or more
of these risks materialize, or if underlying assumptions prove
incorrect, actual results may vary materially from those expected.
For a more complete discussion of these and other risk factors,
please see McDermott's annual and quarterly filings with the
Securities and Exchange Commission, including its annual report on
Form 10-K for the year ended December 31, 2015 and subsequent
quarterly reports on Form 10-Q. This press release reflects
management's views as of the date hereof. Except to the extent
required by applicable law, McDermott undertakes no obligation to
update or revise any forward-looking statement.
McDermott International, Inc.
Investor Relations
Kathy Murray
Vice President, Treasurer and Investor Relations
+1 281.870.5147
kamurray@mcdermott.com
Media Relations
Adam Morgan
Director, Global Communications
+1 281.253.9005
amorgan@mcdermott.com
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