McDermott International has been awarded a lump sum contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia
Work on the contract is expected to be executed through Q2 2018. The award follows the June 2015 signing of a second long term agreement (LTA) between McDermott and Saudi Aramco for engineering, procurement, construction and installation (EPCI) activities.
The contract represents the largest single award for McDermott’s Middle East Area operations in company history, according to the company.
David Dickson, McDermott's President and CEO, said, “Winning this important award and signing the new LTA sends a clear signal that our increased engagement with key clients is generating concrete results.
“Our detailed knowledge and understanding of Saudi Aramco’s objectives, as well as our proven excellence in the kingdom and the region continue to set us apart. Delivering on strong project execution and integrating McDermott’s local knowledge are critical to future success as we execute these and other projects for Saudi Aramco.”
Tom Mackie, McDermott’s vice-president, Middle East, added that as one of the original two contractors for Saudi Aramco’s first LTA in 2007, the firm understands Saudi Aramco’s offshore fields, standards and specifications.
During the execution of the projects under the fixed price contract, McDermott plans to maximise execution activities in the country with a significant portion of the engineering and fabrication scope expected to be carried out by its engineering office in Al Khobar and fabrication facility in Dammam.
Additional services are expected to be provided by McDermott engineering teams in Dubai and Chennai, India.
Procurement would be managed by McDermott’s global procurement office based in Dubai and vessels from the McDermott global fleet, including specialised shallow-water installation vessels, are scheduled to undertake offshore installation.
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McDermott International signs long-term agreement with Saudi Aramco
