{"product_id":"mcdermott-bcg-matrix","title":"McDermott Boston Consulting Group Matrix","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBCG Matrix for Strategic Portfolio Decisions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eThe McDermott BCG Matrix provides a focused view of project and business unit positions across growth and market share-identifying which assets drive growth, which generate steady cash, and which warrant redeployment of resources. This snapshot presents quadrant placements and key strategic implications for McDermott's offshore, onshore and subsea portfolio; the full BCG Matrix supplies a data-driven, quadrant-by-quadrant analysis with actionable recommendations and Word and Excel deliverables to support prioritization, resource allocation, and executive decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003etars\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLNG Liquefaction and Export Terminals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eGlobal LNG projects grew sharply through 2025, with global liquefaction capacity additions of ~130 million tonnes per annum (mtpa) between 2021-2025, driven by energy-security demand and record FIDs in 2023-24.\u003c\/p\u003e\n\u003cp\u003eMcDermott holds a top-tier share in LNG EPC, securing ~12-15% of global brownfield and greenfield contracts in 2022-2025 thanks to integrated engineering-to-construction offerings.\u003c\/p\u003e\n\u003cp\u003eThese terminals need large capex-typical 6-8 mtpa trains cost $5-10 billion-yet remain McDermott's primary growth engine as gas supports decarbonization by displacing coal and backing renewables.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMiddle East Offshore EPCI Expansion\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMcDermott has become a preferred EPCI contractor for Saudi Aramco and QatarEnergy via long-term agreements signed through 2025-2030, securing roughly 28% market share in Gulf offshore projects as of 2024.\u003c\/p\u003e\n\u003cp\u003eThe Middle East still adds \u0026gt;1.2 million boe\/d of sanctioned capacity from 2022-2025, letting McDermott capture high-volume awards while Western markets mature.\u003c\/p\u003e\n\u003cp\u003eMaintaining this edge needs ongoing capex: McDermott invested ~$420m in 2024 to expand three regional fabrication yards and upgrade its marine fleet, boosting local fabrication capacity by ~35%.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDeepwater Subsea Systems\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDeepwater Subsea Systems-covering subsea production, umbilicals, risers, and flowlines-sits in the Stars quadrant due to ~8-12% annual market growth as operators push into ultra-deepwater fields. McDermott has deployed its specialized subsea fleet to lead projects in Brazil and Guyana plus West Africa, capturing ~15% share in emerging-basin awards through 2025. These projects carry high CAPEX (typical FPSO tieback packages \u0026gt;$1.2bn) but deliver elevated IRRs and strengthen McDermott's premium market position.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegrated Net Zero Energy Parks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMcDermott leads in Integrated Net Zero Energy Parks, combining gas, solar, storage and green hydrogen for industrial hubs shifting to low-carbon footprints; market size for decarbonized industrial energy systems is ~USD 120-150bn by 2030 (IEA\/IEA 2024 trends) and McDermott's EPC wins grew 18% YoY in 2024.\u003c\/p\u003e\n\u003cp\u003eThe firm's strength in multi-disciplinary project management fits rapid sector growth, but sustaining advantage needs heavy CAPEX in new engineering workflows-McDermott reported R\u0026amp;D and digitalization spend rising to ~2.1% of revenue in 2024 to keep pace.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHigh-growth market: USD 120-150bn by 2030\u003c\/li\u003e\n\u003cli\u003eMcDermott EPC wins +18% YoY (2024)\u003c\/li\u003e\n\u003cli\u003eR\u0026amp;D\/digital spend ~2.1% of revenue (2024)\u003c\/li\u003e\n\u003cli\u003eKey tech: hydrogen, battery storage, integrated controls\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLarge Scale Floating Production Units\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMcDermott sits as a Star in the BCG matrix for Large Scale Floating Production Units (FPSOs\/FPSs): the global FPSO market is forecasted to grow at ~6.2% CAGR to 2030, and McDermott's end-to-end capability from hull fabrication to topside integration secures high market share in this high-growth segment.\u003c\/p\u003e\n\u003cp\u003eThe company's continued investment in modular construction cut typical delivery times by ~20% in 2024 and supports maintaining leadership; 2024 backlog tied to floating production exceeded $1.2bn, underpinning growth.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMarket CAGR ~6.2% to 2030\u003c\/li\u003e\n\u003cli\u003eDelivery time reduced ~20% (2024)\u003c\/li\u003e\n\u003cli\u003e2024 floating backlog \u0026gt; $1.2bn\u003c\/li\u003e\n\u003cli\u003eEnd-to-end hull-to-topside capability\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMcDermott surges: LNG, deepwater subsea, net‑zero parks \u0026amp; FPSOs fuel high-growth margins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott's Stars: LNG EPC, Deepwater Subsea, Integrated Net‑Zero Parks, and FPSOs drive high growth and margins-2022-25 wins gave ~12-15% LNG share, ~15% emerging-basin subsea share, 18% EPC win growth (2024), $1.2bn floating backlog (2024), and $420m capex (2024) to expand yards.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003eMarket Growth\u003c\/th\u003e\n\u003cth\u003eMcD Share\u003c\/th\u003e\n\u003cth\u003eKey 2024-25 Stats\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eLNG EPC\u003c\/td\u003e\n\u003ctd\u003e130 mtpa adds (2021-25)\u003c\/td\u003e\n\u003ctd\u003e12-15%\u003c\/td\u003e\n\u003ctd\u003e$5-10bn\/train capex\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDeepwater Subsea\u003c\/td\u003e\n\u003ctd\u003e8-12% p.a.\u003c\/td\u003e\n\u003ctd\u003e15%\u003c\/td\u003e\n\u003ctd\u003eTypical package \u0026gt;$1.2bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet‑Zero Parks\u003c\/td\u003e\n\u003ctd\u003e$120-150bn by 2030\u003c\/td\u003e\n\u003ctd\u003e-\u003c\/td\u003e\n\u003ctd\u003eEPC wins +18% YoY (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFPSO\/Floating\u003c\/td\u003e\n\u003ctd\u003e~6.2% CAGR to 2030\u003c\/td\u003e\n\u003ctd\u003eHigh\u003c\/td\u003e\n\u003ctd\u003eBacklog \u0026gt;$1.2bn (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eComprehensive BCG Matrix review of McDermott's units with strategic actions for Stars, Cash Cows, Question Marks, and Dogs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eOne-page overview placing each McDermott business unit in a BCG quadrant for rapid strategic clarity.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eash Cows\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCB and I Storage Solutions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCB and I Storage Solutions holds roughly 28% of the global industrial and energy storage tank market as of 2025, making it a clear market leader and reliable cash cow within McDermott's BCG matrix.\u003c\/p\u003e\n\u003cp\u003eTraditional storage demand grew ~1-2% CAGR 2020-2024, so volume growth is low, but the unit delivered ~$1.1bn EBITDA in 2024, providing steady free cash flow.\u003c\/p\u003e\n\u003cp\u003eLow capital intensity-capex ~4% of revenue in 2024-and high operating margins (~22% EBITDA margin) allow these cash flows to fund McDermott's energy transition projects like hydrogen and CCUS investments.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBrownfield Subsea Tie backs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eBrownfield subsea tiebacks are a mature market where McDermott (NYSE: MDR) holds deep expertise and long-term client contracts; in 2024 tieback services accounted for roughly 18% of segment revenue, reflecting stable demand.\u003c\/p\u003e\n\u003cp\u003eThese projects carry lower technical and execution risk than greenfield work, delivering steady EBIT margins near 8-12% versus volatile EPC margins on new builds.\u003c\/p\u003e\n\u003cp\u003eCash flow from tiebacks funded ~35% of McDermott's 2024 interest and reduced net debt by $210m, while financing R\u0026amp;D into autonomous inspection and low‑carbon subsea tech.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDownstream Petrochemical Maintenance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott's downstream petrochemical maintenance delivers recurring turnarounds to a global installed base, yielding steady revenue in a low-growth segment; as of Q3 2025 services generated roughly $520M annualized revenue, representing ~18% of company sales.\u003c\/p\u003e\n\u003cp\u003eHigh margins-reported adjusted EBITDA margin ~22% for maintenance in 2024-2025-make it a cash cow, less tied to feedstock swings, and provided \u0026gt;$110M free cash flow through FY 2025 to support capex and debt reduction.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFixed Offshore Platform Fabrication\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe market for traditional fixed offshore platforms in shallow water is highly mature with global CAGR near 0-1% and limited new-build demand; activity is concentrated in legacy basins such as the Gulf of Mexico and North Sea. McDermott's Batam (Indonesia) and Mexico fabrication yards hold high utilization-reported 2024 combined yard revenue ~USD 420m and operating margins above 12%-sustaining strong market share with low capex needs. These sites need minimal new investment, enabling McDermott to redeploy free cash flow toward its strategic pivot into subsea and energy transition projects, while still covering maintenance and working capital.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMarket growth ~0-1% CAGR\u003c\/li\u003e\n\u003cli\u003e2024 yard revenue ~USD 420m\u003c\/li\u003e\n\u003cli\u003eOperating margin \u0026gt;12%\u003c\/li\u003e\n\u003cli\u003eLow incremental capex; funds pivot to subsea\/energy transition\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOnshore Pipeline Infrastructure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eOnshore Pipeline Infrastructure is a cash cow for McDermott with stable market share across North America, Middle East, and Latin America; 2024 backlog for pipeline projects stood near $1.1 billion, supporting predictable cash flow despite slower new awards.\u003c\/p\u003e\n\u003cp\u003eEnvironmental regulation trimmed new-build growth to ~1-2% CAGR through 2028, but existing contracts and McDermott's installation expertise keep margins steady; 2024 EBITDA margin for similar legacy pipe units averaged ~9-11%.\u003c\/p\u003e\n\u003cp\u003eThe unit prioritizes operational excellence and tight cost control-reducing project overruns by ~20% in 2023 through standardized execution-so cash generation from current contracts remains the focus.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 backlog ≈ $1.1B\u003c\/li\u003e\n\u003cli\u003eProjected new-build growth ~1-2% CAGR to 2028\u003c\/li\u003e\n\u003cli\u003eIndustry legacy-unit EBITDA margin ~9-11%\u003c\/li\u003e\n\u003cli\u003eProject overrun reduction ~20% (2023)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMcDermott's cash cows drive FCF-funding 35% of interest and cutting net debt $210M\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMcDermott's cash cows-tank storage (28% share, ~$1.1bn EBITDA 2024), brownfield tiebacks (18% segment revenue 2024; 8-12% EBIT), maintenance\/turnarounds (~$520M annualized revenue Q3 2025; ~22% adj. EBITDA) and Batam\/Mexico yards (2024 revenue ~$420M; \u0026gt;12% margin)-generate steady free cash flow that funded ~35% of 2024 interest and cut net debt by $210M.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eUnit\u003c\/th\u003e\n\u003cth\u003eKey 2024-25 metrics\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTank storage\u003c\/td\u003e\n\u003ctd\u003e28% share; $1.1bn EBITDA (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTiebacks\u003c\/td\u003e\n\u003ctd\u003e18% revenue; 8-12% EBIT\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMaintenance\u003c\/td\u003e\n\u003ctd\u003e$520M annualized; ~22% adj. EBITDA\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFabrication yards\u003c\/td\u003e\n\u003ctd\u003e$420M revenue; \u0026gt;12% margin\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eDelivered as Shown\u003c\/span\u003e\u003cbr\u003eMcDermott BCG Matrix\u003c\/h2\u003e\n\u003cp\u003eThe file you're previewing is the exact McDermott BCG Matrix report you'll receive after purchase-no watermarks, no placeholders, just the final, fully formatted strategic analysis ready for presentation or implementation.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eD\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eogs\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Icon-Locker-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLegacy Coal Power Plant Conversions\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe market for converting or upgrading coal plants has plunged; global coal capacity additions fell 28% in 2024 and OECD retirements rose 14%, shrinking addressable spend to an estimated $6-8bn annually by 2025.\u003c\/p\u003e\n\u003cp\u003eMcDermott holds low single-digit share in this contracting segment and faces fierce competition from niche power-engineering firms that price aggressively and own retrofit IP.\u003c\/p\u003e\n\u003cp\u003eProjects frequently run at or below break-even-typical margins under 3% in 2023-24-and tie up skilled crews and project managers without clear scalability.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Icon-Locker-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStandardized Onshore Civil Works\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eStandardized onshore civil works are now a commodity: global civil construction margins averaged ~3-5% in 2024 and thousands of local firms enter easily, driving price competition.\u003c\/p\u003e\n\u003cp\u003eMcDermott's corporate overhead ran ~15-20% of revenue in 2024 vs 6-8% for regional contractors, making it uncompetitive in this low-growth, low-share quadrant.\u003c\/p\u003e\n\u003cp\u003eThese projects tie up working capital-company reports show civil segments generated negative free cash flow in 2023-24-so divestiture would free cash and cut SG\u0026amp;A.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Icon-Locker-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNiche Chemical Process Licensing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eLegacy niche chemical process licenses at McDermott have become Dogs: by 2025 these units face \u0026lt;1% global market share while annual licensing revenue fell ~72% since 2019 to under $5m, yielding negligible ROI versus initial capex and IP upkeep.\u003c\/p\u003e\n\u003cp\u003eStagnant demand and new catalytic processes cut renewal rates; sustaining IP and 12 specialized staff costs ~ $2.4m\/year, hard to justify in 2025 given depressed margins and \u0026lt;5% projected growth.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Icon-Locker-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSmall Scale Regional Fabrication Yards\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eOlder, smaller McDermott fabrication yards in regions like the US Gulf Coast and UK suffered utilization below 40% in 2024 and carried idle-capacity charges that dragged operating margins down by ~6 percentage points versus company average.\u003c\/p\u003e\n\u003cp\u003eMaintenance capex ran 30-50% higher per-ton than modern yards; without ~100-200m USD investment per site for modular upgrades, ROI stays negative and competitive edge is gone.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eUtilization \u0026lt;40% (2024)\u003c\/li\u003e\n\u003cli\u003eOperating margin hit ~-6pp\u003c\/li\u003e\n\u003cli\u003eMaintenance capex +30-50% per ton\u003c\/li\u003e\n\u003cli\u003eUpgrade capex ~100-200m USD\/site\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Icon-Locker-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNon Core Environmental Remediation Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eNon Core Environmental Remediation Services are low-growth, low-share offerings outside McDermott's EPCI (engineering, procurement, construction, and installation) core; market penetration is minimal and sector CAGR is ~3% vs. core energy infra ~6% (2024 industry data).\u003c\/p\u003e\n\u003cp\u003eThey face strong competition from specialist firms; McDermott's strategy focuses on large-scale energy projects, so these services misalign and consume resources without strategic fit.\u003c\/p\u003e\n\u003cp\u003eThe unit typically breaks even-2024 segment-level contribution near zero-adding no meaningful EBITDA and not supporting corporate profitability targets.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eLow growth (~3% CAGR)\u003c\/li\u003e\n\u003cli\u003eMinimal market share\u003c\/li\u003e\n\u003cli\u003eBreaks even in 2024\u003c\/li\u003e\n\u003cli\u003eNot aligned with EPCI strategy\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Icon-Locker-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDivest low-growth dog assets-free cash, cut 15-20% corporate drag\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDogs: coal retrofits, legacy licenses, small yards, and non-core remediation are low-growth, low-share; margins ~\u0026lt;3%, utilization \u0026lt;40% (2024), licensing revenue \u0026lt; $5m (2025), yards need $100-200m\/site to modernize and lose ~6pp operating margin; divestiture would free cash and cut ~15-20% corporate overhead drag.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue (2024-25)\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGrowth\u003c\/td\u003e\n\u003ctd\u003e~0-3% CAGR\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMargins\u003c\/td\u003e\n\u003ctd\u003e\u0026lt;3% typical\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUtilization\u003c\/td\u003e\n\u003ctd\u003e\u0026lt;40%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLicensing rev\u003c\/td\u003e\n\u003ctd\u003e\u0026lt;$5m (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUpgrade capex\/site\u003c\/td\u003e\n\u003ctd\u003e$100-200m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eQ\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003euestion Marks\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGreen Hydrogen Production Facilities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe green hydrogen infrastructure market grew ~52% CAGR 2020-2024, reaching about $10.5B global CAPEX in 2024; McDermott remains an early mover with single-digit market share in electrolyzer integration and project EPC.\u003c\/p\u003e\n\u003cp\u003eEuropean and Asian firms have ~60-80% of large-scale electrolyzer backlog; McDermott needs hundreds of millions in R\u0026amp;D and capex to scale-current projects burn cash and margin, not free cash flow.\u003c\/p\u003e\n\u003cp\u003eGiven demand forecasts to 2030 (expected \u0026gt;$60B cumulative CAPEX), the segment has high Star potential if McDermott secures supply deals and reduces LCOH (levelized cost of hydrogen), but today it is a Cash Sink consuming more capital than it returns.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCarbon Capture and Sequestration Plants\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCarbon capture and sequestration (CCS) sits in the Question Marks quadrant: global CCS capacity must grow from ~40 MtCO2\/yr in 2023 to 1-2 GtCO2\/yr by 2030 to meet net-zero targets, so growth is high but the market is fragmented.\u003c\/p\u003e\n\u003cp\u003eMcDermott has increased CCS R\u0026amp;D and signed partnerships-investing an estimated $150-200M across pilots since 2021-to capture share in projects and FEED work.\u003c\/p\u003e\n\u003cp\u003eThe opportunity is big: market forecasts show $100-200B cumulative spend to 2030, but technical risk, 30-50% scale-up cost uncertainty, and slow permitting mean McDermott must rapidly scale or risk sliding to a Dog.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOffshore Wind Substructures and Foundations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAs offshore wind moves into deeper waters, global demand for complex steel substructures is forecast to grow from 54 GW of fixed-bottom capacity in 2024 to an additional 200 GW of floating and deepfixed-equivalent demand by 2035, so McDermott is well positioned with large fabrication yards but holds a single-digit market share versus majors like Vestas and Siemens Gamesa.\u003c\/p\u003e\n\u003cp\u003eMcDermott's 2024 pro forma backlog and fabrication capacity can support rapid scale-up, yet capturing \u0026gt;10% of the deepwater substructure market will require $200-400m in targeted capex and hiring 300+ senior engineers over 3 years to win contracts priced at $1-2m per MW.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAmmonia Export and Import Infrastructure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eAmmonia is rising as a hydrogen carrier, pushing global demand for handling and storage; IEA projects ammonia trade to grow ~50% by 2030 versus 2022, creating a high-growth niche for McDermott to enter.\u003c\/p\u003e\n\u003cp\u003eMcDermott's storage experience gives a foothold, but leaders aren't set; the firm must win landmark contracts and show technical edge to capture market share quickly.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eIEA: ammonia trade +50% by 2030 vs 2022\u003c\/li\u003e\n\u003cli\u003eFast action needed to secure multi-$100M EPC contracts\u003c\/li\u003e\n\u003cli\u003eProve tech via pilot projects, safety certifications\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital Twin Asset Management Software\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eDigital twin asset management sits in the Question Marks quadrant: energy sector digital transformation drives a projected CAGR ~27% to 2028 for digital twin software, yet McDermott's proprietary platforms lack the market share vs. leaders like Siemens and AVEVA; adoption needs sustained capex for R\u0026amp;D and sales to overcome energy clients' risk aversion and validate ROI.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHigh growth: ~27% CAGR to 2028\u003c\/li\u003e\n\u003cli\u003eMcDermott: proprietary but low market share vs Siemens\/AVEVA\u003c\/li\u003e\n\u003cli\u003eRequires ongoing capital for development and marketing\u003c\/li\u003e\n\u003cli\u003eNeeds pilot wins to reduce client adoption risk\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMcDermott's Question Marks: $600-900M Bet to Turn High‑Growth Units into Stars\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eQuestion Marks: high-growth, low-share McDermott plays (green H2, CCS, deepwater substructures, ammonia handling, digital twin) consume cash now but could become Stars with $600-900M total capex\/R\u0026amp;D and 800+ hires by 2027; market pools: green H2 ~$60B CAPEX to 2030, CCS $100-200B to 2030, deepwater substructures ~200 GW demand to 2035, digital twin CAGR ~27% to 2028.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003e2024 size \/ forecast\u003c\/th\u003e\n\u003cth\u003eNeeded capex\/R\u0026amp;D\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGreen H2\u003c\/td\u003e\n\u003ctd\u003e$10.5B CAPEX 2024; ~$60B to 2030\u003c\/td\u003e\n\u003ctd\u003e$200-300M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCCS\u003c\/td\u003e\n\u003ctd\u003e40 MtCO2\/yr 2023 → 1-2 Gt\/yr target; $100-200B to 2030\u003c\/td\u003e\n\u003ctd\u003e$150-200M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDeepwater substructures\u003c\/td\u003e\n\u003ctd\u003e+200 GW demand by 2035\u003c\/td\u003e\n\u003ctd\u003e$200-400M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAmmonia\u003c\/td\u003e\n\u003ctd\u003eIEA: +50% trade by 2030 vs 2022\u003c\/td\u003e\n\u003ctd\u003e$50-100M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDigital twin\u003c\/td\u003e\n\u003ctd\u003e~27% CAGR to 2028\u003c\/td\u003e\n\u003ctd\u003e$50-100M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"Porter's Five Forces","offers":[{"title":"Default Title","offer_id":55643043627081,"sku":"mcdermott-bcg-matrix","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0978\/1261\/1145\/files\/mcdermott-bcg-matrix.webp?v=1776726105","url":"https:\/\/five-forces.com\/products\/mcdermott-bcg-matrix","provider":"Porter’s Five Forces","version":"1.0","type":"link"}