Saudi Aramco's offshore projects department has awarded a long-term agreement (LTA) to National Petroleum Construction Co. (NPCC) of Abu Dhabi for the execution of its offshore development program.
It is the fifth LTA awarded by Saudi Aramco, with four earlier LTAs awarded in June 2015 to various engineering, procurement, fabrication and offshore installation (EPIC) contractors.
The latest LTA was signed by Saudi Aramco project management executive director Tofiq Gabsani and Aqeel Madhi, CEO of NPCC.
Under the LTAs, contractors are entrusted with the responsibility to deliver offshore oil and gas producing platforms, tie-in platforms, pipelines, power cables, and all the related facilities required under the current Master Plan for Saudi Aramco's offshore fields.
The LTA contracts have a fixed duration of six years, with options to be extended for up to 12 years in total.
Ahmad Al Saadi, senior VP of Saudi Aramco’s Technical Services, said: “This fifth strategic LTA is needed for the successful execution of the complex and extensive offshore projects to be completed in the offshore oil and gas fields in the Arabian Gulf — all within an aggressive schedule."