Saipem and Saudi Aramco to create engineering arm
Saudi Arabia 
DHAHRAN, September 22, 2021 – Saipem and Saudi Aramco have signed an MoU with the possibility of creating a new construction and engineering entity, the Italian oilfield services company announced on Tuesday.
The goal is to create a national entity to handle EPC activities.
The move is part of Saudi Aramco’s Nama’at Investment Industrial Program established in early September 2021, which aims to expand the country’s capacity in sustainability, technology, industry and manufacturing.
The new programme has so far seen MoUs signed for various sectors with chemicals company Solvay, French utility services company Veolia and oilfield services companies Halliburton and Schlumberger.
Read our latest insights on:
More content from Saudi Arabia
Latest news and features
Sign up to receive our newsletter and energy event alerts and receive free access to The Oil & Gas Year Nigeria 2020