Valued at around USD 400 million-500 million, the scope of the Saudi Aramco work includes subsea cables and pipelines, platform decks and topside fibre optics, media reported over the weekend.
The four contenders for the work, which includes pre-commissioning, are US companies McDermott and Dynamic Industries, Italy’s Saipem and a partnership between India’s Larsen & Toubro and Singapore-headquartered Emas Offshore. All mentioned companies have a long-term agreement with Saudi Aramco for maintenance and upgrade work offshore in the Arabian Gulf.
McDermott has a history of working in the fields. In 2015, the company bagged a contract for power supply replacement work in the Marjan field. Three years prior to that, it executed two contracts for topsides in Marjan. McDermott’s work in Zuluf has included pipelines, subsea tie-ins and flowlines.
According to the Financial Times, Saudi officials have been in touch with US companies over the past weeks to spur additional foreign investment in sectors of the economy other than oil and gas, the paper wrote on Sunday.
For more news and features on the oil and gas industry in Saudi Arabia, click here.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.