McDermott International lands major engineering contract with Saudi Aramco
Work for contract is expected to run through the second quarter of 2018. The award follows the June signing of the second Long Term Agreement (LTA) between McDermott and Saudi Aramco for engineering, procurement, construction and installation work in Saudi Arabia’s various offshore fields.
The package of various EPCI projects that make up the lump sum award represent the largest single contract for McDermott’s Middle East Area operations in company history.
“Winning this important award and signing the new LTA sends a clear signal that our increased engagement with key clients is generating concrete results,” McDermott President and CEO David Dickson said. “Our detailed knowledge and understanding of Saudi Aramco’s objectives, as well as our proven excellence in the kingdom and the region continue to set us apart. Delivering on strong project execution and integrating McDermott’s local knowledge are critical to future success as we execute these and other projects for Saudi Aramco.”
To execute the projects under the fixed price contract, McDermott plans to maximize in-country activities with a significant portion of the engineering and fabrication expected to be carried out at the company’s Saudi-based engineering office in Al Khobar and its fabrication facility in Dammam.