McDermott International signs long-term agreement with Saudi Aramco

oilrig1-pixabayMcDermott International and Saudi Aramco have signed a second LTA in a bid to expand Saudi Aramco's exploration plans. (Image source: Pixabay)USA’s McDermott International has signed an engineering, procurement, construction and installation (EPCI) agreement with Saudi Aramco for future brownfield work in Saudi Arabia’s offshore fields

McDermott provides integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide by delivering fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for offshore and subsea oil and gas projects to help oil companies safely produce and transport hydrocarbons.

The two companies have been engaged in a similar long-term agreement (LTA) from June 2007, and they decided to sign another agreement, said McDermott International officials.

The second LTA establishes the terms and conditions by which McDermott could possibly bid on future engineering, procurement, construction and installation (EPCI) opportunities in various offshore fields, they added.

Company vice-president for Middle East Tom Mackie said, “As a long-time partner and service provider, we understand Saudi Aramco’s offshore fields, standards and specifications – and the value that Saudi Aramco places in McDermott’s fully-integrated EPCI solutions. Our relationship with Saudi Aramco reflects 45 years of operational and technical success, project delivery and execution, and experience in Saudi Aramco’s offshore fields.”

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