Core Viewpoint - Shell plc has entered into a multi-year Enterprise Framework Agreement with McDermott to enhance its global operations, focusing on innovation and efficiency in project execution [1][3]. Group 1: Agreement Details - The agreement spans three years with two optional one-year extensions and encompasses a wide range of services including Low Carbon Solutions, Offshore Middle East, and Subsea and Floating Facilities [2][3]. - McDermott will leverage its global engineering centers to assist Shell in developing feasibility studies and front-end engineering solutions, aiming to support Shell's diverse project portfolio [3]. Group 2: Partnership Background - Shell and McDermott have a long-standing relationship, having successfully collaborated on various deepwater projects in regions such as the US Gulf of Mexico and Malaysia [4]. - A notable recent project is the Whale deepwater development, where McDermott fulfilled its engineering, procurement, construction, installation, and commissioning commitments [4]. Group 3: Recent Developments - Shell has recently approved a Final Investment Decision for the Gato do Mato project in Brazil, indicating its ongoing commitment to the oil and gas sector in the region [5]. - The Enterprise Framework Agreement was announced shortly after Shell awarded a multi-year operations and maintenance contract to MODEC for a floating production, storage, and offloading vessel related to the Gato do Mato project [5].