Saudi Aramco has inked a long term agreement (LTA) with the Abu Dhabi’s National Petroleum Construction Company (NPCC) for its offshore development programme
The LTA follows four similar deals awarded by Saudi Aramco in June 2015 to various engineering, procurement, fabrication, and offshore installation (EPIC) contractors, according to a report.
Contractors will be required to deliver numerous offshore oil and gas production platforms, tie-in platforms, pipelines, power cables, and related facilities under Aramco’s master plan for its offshore fields.
The LTAs span six years, with options available to extend them up to 12 years, according to WAM.
Remarking on the contract, Aqeel Madhi, chief executive officer of NPCC, said, “It is a great honour and a great opportunity to be part of the LTA for Saudi Aramco’s offshore projects.
“We consider Saudi Aramco a strategic partner for us, and will spare no effort to ensure we meet the expectations of Saudi Aramco in terms of performance, quality and adherence to delivery schedule considering that NPCC have a good record in providing services according to the highest standards and foremost to achieve the aspirations of the IKTVA programme.”
