Aramco awards major contracts for brownfield projects as part of new strategy

SourceArabian Industry
SectorOil & Gas
CountrySaudi Arabia

Aramco announced a new contracting strategy for its oil and gas brownfield and plant upgrade projects. The strategy focuses on establishing new businesses and developing partnerships based on sustainability and new technologies through Aramco's giant projects by awarding long-term contracts to reputable and experienced contractors to improve cost efficiency and the quality and safety of the projects.Eight companies have been selected to carry out the work:1- Consortium of Nasser Saeed Al-Hajri And Contracting /Samsung EPC Co. Ltd.2- Daelim Saudi Arabia Co. LTD.3- Engineering for The Petroleum and Process Industries (Enppi) Branch.4- GS Construction Arabia Co.

Ltd.5- Snamprogetti Engineering and Contracting Co. Ltd. (Saipem).6- JGC Gulf Engineering Co. Ltd.7- Branch of Technip Italy S.P.A.8- Branch of Hyundai Engineering and Construction Co. LTD.The scope of the LTAs includes engineering, procurement, construction, start-up and pre-commissioning of each project, as well as the installation of the upgraded facilities in the designated operating areas. The contracts are established for a period of six years with an option to exercise another six years extension.In addition, the contracts are developed with a special emphasis on improving Saudization, local content and supply chains through Aramco’s In-Kingdom Total Value Add (IKTVA) ...read more...