By leveraging Simflofy, McDermott has become an innovative and technology leader in the EPCI industry by obtaining increased efficiency and productivity across every single business function. For example, in the offshore EPCI industry, there is intense pricing pressure. A bid can be won or lost by a very small margin on a large-scale opportunity. The deliverables are cast and complex so calculations must be exact. McDermott’s bidding process will improve immensely and give them a competitive edge.
At the end of this project, Simflofy will have migrated more than 35 terabytes of digital data. McDermott has future plans to use Simflofy manage in-place to enable access, control, and governance of information.
Once its digitization is complete, Subject Matter Experts (SME’s) will be able to access everything they need in a matter of minutes, and when McDermott’s digital platform is fully realized, the information will find the SME even before the SME finds it. In other words, the right blueprints and schematics will automatically appear in their workflow, dramatically saving time, and reducing the duplication of efforts.
McDermott has put real efficiency gains at the forefront of its execution strategies in the Oil and Gas (O&G) sector. McDermott is in a strong position, and with the technology leadership in place, they are preparing to lead such efforts within the Engineering, Procurement, Construction, and Installation (EPCI) industry.