Subsea 7 said it has been awarded three contracts from Saudi Aramco under a long term agreement for execution offshore Saudi Arabia.
The engineering, procurement, construction and installation (EPCI) contracts are awarded for execution in consortium with L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen & Toubro.
The consortium’s workscope consists of EPCI for a total of 28 jackets comprised of eight new jackets to be installed in the Marjan and Zuluf fields, 10 jackets in the Safaniya and Zuluf fields (including a pipeline decommissioning scope) and a further 10 jackets in the Zuluf and Ribyan fields. Work shall commence immediately and offshore execution is due to take place in 2020.
Subsea 7 said its share of the contracs is worth between $50 million and $150 million.
Adzariat Monergi, Subsea 7’s Vice President Middle East said, “These three new awards reflect the good execution and reliable performance that Subsea 7 and LTHE bring to the offshore sector in the Kingdom of Saudi Arabia. We look forward to continuing our long-term relationship with Saudi Aramco, delivering these projects safely and efficiently.”
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