Aramco hands $300-million deal to Abu Dhabi’s NPCC
Saudi Arabia The deal falls under Aramco’s Long-Term Agreement (LTA) strategy, which sees EPC contracts awarded to international contractors for longer terms and with significant emphasis on partnerships to develop local companies.
The contracts typically cover engineering, procurement, construction, start-up and pre-commissioning.
In 2016, NPCC became a designated contractor under the LTA scheme, allowing it to bid for Aramco’s offshore brownfield projects.
Aramco and NPCC – which last month completed a merger with Abu Dhabi’s National Marine Dredging Company – have yet to confirm the deal, which Upstream Online reports is for EPC work on the Ju’aymah Offshore Platform Bypass System.
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