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SUBSEQUENT EVENT
6 Months Ended
Jun. 30, 2019
Subsequent Events [Abstract]  
SUBSEQUENT EVENT

NOTE 24—SUBSEQUENT EVENT

On July 15, 2019, we entered into an asset purchase agreement to acquire assets of Siluria Technologies, including various intellectual property and research and development assets. The purchase price was not material to McDermott.

The purchase adds complementary process and catalyst technologies to our Technology business, expands our licensing portfolio further into the gas monetization market and expands our research and development capabilities for process development, high-throughput catalyst developments and catalyst scale-up.