McDermott has signed a lighthouse agreement with AVEVA, a global leader in industrial software, and Aras, a product lifecycle management (PLM) platform provider, to develop its asset lifecycle management capability across the energy transition, oil and gas, and nuclear sectors.

This collaboration focuses on improving user experience for data-centric asset lifecycle management (ALM), from planning to disposal. The goal is to reduce costs and risk over the project lifecycle, improve decision-making, achieve better compliance and traceability, and enhance performance across the industrial ecosystem.

The seamless integration of Aras Innovator with AVEVA Unified Engineering, AVEVA Asset Information Management and other AVEVA tools and services will enable the creation of an engineering system of record.

"McDermott is uniquely positioned to combine its extensive expertise in digital twin and industry-leading engineering procurement and construction (EPC) experience," said Vaseem Khan, McDermott's Senior Vice President, Global Operations. "The agreement represents our shared vision and commitment to data-centric digital deliverables management and creates an opportunity for robust digital transformation of industry processes. We're excited to see the potential value out of this lighthouse program."

"McDermott's engineering expertise forms an essential input in pioneering an industry solution that is urgently needed to improve outcomes in the energy, nuclear, marine, and other sectors," said Rob McGreevy, Chief Product Officer at AVEVA. "Together, we will provide competitive advantages for customers who join the lighthouse program."

"AVEVA's robust industry asset lifecycle management solutions, built on the Aras platform, will enable McDermott to leverage a fully connected digital thread of the asset's engineering and operations information," said Roque Martin, CEO of Aras. "We will create useful, usable, and powerful software for our joint customer base."