- McDermott marks industry-leading QHSES standard in Middle East Area
- Company-wide initiatives ‘Taking the Lead’ and ‘McDermott Operational Values’ support achievement
- 45-million man-hours: the equivalent of building the Burj Khalifa – twice
ABU DHABI, United Arab Emirates, Nov. 07, 2016 (GLOBE NEWSWIRE) -- 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 Editors
The 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.
McDermott 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.
In 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.
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