Saudi Aramco picks Abu Dhabi’s NPCC for offshore project
- Business & Finance
Saudi Aramco’s department for offshore projects has awarded a long-term agreement (LTA) to National Petroleum Construction Company (NPCC) of Abu Dhabi.
The Saudi oil company said the deal was for the execution of its “world-class” offshore development program.
In June 2015, four LTA contracts were awarded to international Engineering, Procurement, Fabrication and Offshore installation (EPIC) contractors, Saudi Aramco said.
According to Saudi Aramco, under these agreements, contractors will be entrusted with the responsibility to deliver “a huge number” of offshore oil and gas producing platforms, tie-in platforms, pipelines, power cables, and all the related facilities required under the current Master Plan for Saudi Aramco’s offshore fields. The LTA contracts have a fixed duration of six years with options to be extended for up to twelve years in total.
Ahmad Al-Saadi, Senior Vice President of Saudi Aramco’s Technical Services 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.”
No specifics were given on the nature of the NPCC contract, nor on the value of it.