Emas AMC, Larsen & Toubro land long-term contract in Saudi Arabia
Singapore’s EMAS AMC, together with India’s Larsen & Toubro Hydrocarbon Engineering (LTHE), has secured a six year long term agreement with Saudi Arabian oil company, Saudi Aramco.
Under the agreement, Larsen & Toubro and EMAS AMC, a subsidiary of Ezra Holdings, will execute offshore projects with Saudi Aramco that include work such as project management, engineering, procurement, fabrication, transportation and installation works (EPCI) of offshore facilities such as platforms, pipelines, submarine cables and other offshore services.
Saudi Aramco will have a possibility to extend the arrangement for another six years, through two 3-years options.
“This long term agreement is the embodiment of our working relationship with LTHE and Saudi Aramco, and is aligned with our subsea strategy of focusing our capabilities and expertise where tendering activities remain robust,” said Lionel Lee, Ezra’s Group CEO and MD.
“We are grateful to Saudi Aramco for giving us this opportunity to showcase our project enabling assets and operational excellence in the Middle East, and this endorsement will drive the subsea business forward, bolstering our track record as a global solutions provider.”