Aramco establishing two offshore fabrication yards in collaboration with international partners

Aramco establishing two offshore fabrication yards in collaboration with international partners

- Projects expected to contribute to Saudi Arabia’s development as a center of excellence for maritime engineering, equipment, material manufacturing and fabrication

- New yards will capitalize on infrastructure at Ras Al Khair

Dhahran, Saudi Arabia: - The Saudi Arabian Oil Company (“Aramco” or “the Company”), in collaboration with international partners, is establishing two offshore fabrication yards that aim to deliver a more than 200 percent increase in the Kingdom of Saudi Arabia’s offshore fabrication capacity.

The new yards are being constructed in Ras Al Khair in collaboration with National Petroleum Construction Company (NPCC) and McDermott International. They are expected to fabricate and assemble offshore platforms, jackets and structures for subsea pipelines.

Designed to international standards and harnessing latest technologies, they are intended to serve the Kingdom, GCC and broader markets. Establishing the yards at Ras Al Khair also aims to support localization of the maritime industry, and supplement the nearby King Salman International Complex for Maritime Industries and Services.

Start-up of the facilities is planned for the third quarter of 2023, with the initial combined production capacity estimated at roughly 70,000 metric tons (MT) per year, increasing the Kingdom’s total offshore fabrication capacity from 30,000 MT to 100,000 MT annually. When fully operational, the