The national oil giant Saudi Aramco has awarded a long-term contract (LTA) to National Petroleum Construction Co (NPCC) of Abu Dhabi for work on Aramco’s offshore facilities, reported Reuters.
NPCC will help to build offshore oil and gas platforms, pipelines, power cables and other infrastructure, over six years with the option to extend to contact up to 12, AME Info.
Aramco’s Senior Vice President of Technical Services, Ahmad Al Saadi, said: “this fifth strategic LTA is needed for the successful execution of the complex and extensive offshore projects to be completed in the offshore Oil & Gas fields in the Arabian Gulf, all within an aggressive schedule.”
It is noted that in June, Aramco awarded four such contracts to other engineering companies, namely McDermott, Saipem, Dynamic Industries International, and a consortium of Larsen & Toubro and EMAS. Furthermore, Egypt Oil&Gas reported earlier that the Saudi oil giant had plans to invest a total of about $334b by 2025 on infrastructure and projects to maintain oil potentials.
