Gulf Oil and Gas accountACCOUNT

Sapura Energy to Join Saudi Aramco’s Long-term Agreement Programme

Source: www.gulfoilandgas.com 11/28/2018, Location: Middle East

Sapura Energy Berhad (Sapura Energy) marked a significant milestone in its growth strategy when its wholly-owned subsidiaries, Sapura Fabrication Sdn Bhd and Sapura Saudi Arabia, were selected to join Saudi Aramco’s Long-Term Agreement (LTA) programme.

The LTA programme covers engineering, procurement, fabrication, transportation and installation (EPCI) contracts to support Saudi Aramco’s offshore projects.

Joining the major league of international service providers as an LTA contractor, Sapura Energy will participate in bids for EPCI opportunities by Saudi Aramco. The LTA programme will be for a period of six years with options for extension.

“We are honoured to be selected by Saudi Aramco for its LTA programme. This win is a major milestone for Sapura Energy in line with our strategy to grow the business and deepen our presence in the Middle East,” said Tan Sri Shahril Shamsuddin, President and Group Chief Executive Officer, Sapura Energy, who was the signatory for the company at the signing event held in Dammam, Saudi Arabia on Monday, 26th November 2018.

Sapura Energy qualified as an LTA contactor after successfully undergoing an extensive assessment and meeting rigorous operational and safety requirements.

A key component of the LTA is Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) programme which aims to drive local value creation with the LTA contractors.

Sapura Energy is taking proactive steps to fulfil its IKTVA commitments by partnering local businesses and developing local capabilities by leveraging on its in-house technical and project management expertise as well as its world-class fleet of offshore construction assets.

Engineering Procurement and Construction (EPC) News in Saudi Arabia >>

Saudi Arabia >>  1/16/2019 - McDermott International, Inc.has been awarded a sizeable* contract from Daelim Saudi Arabia Company Ltd. for engineering, procurement and construction...
Saudi Arabia >>  1/15/2019 - L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro, in consortium with Subsea 7 has won yet another award for two projec...

Australia >>  1/9/2019 - McDermott International, Inc. announced the award of a sizable* tank contract by Puma Energy (Australia) Fuels Pty Ltd for the engineering, procuremen...
United States >>  1/9/2019 - TechnipFMC (FTI) has been awarded a significant integrated Engineering, Procurement, Construction and Installation (iEPCI) contract by BP for the Atla...

Malaysia >>  1/8/2019 - Malaysia Marine and Heavy Engineering Holdings Berhad (MHB or Group) wishes to announce that its wholly owned subsidiary, Malaysia Marine and Heavy E...
Saudi Arabia >>  1/7/2019 - TechnipFMC (FTI), in consortium with MMHE (Malaysia Marine and Heavy Engineering Sdn Bhd), has signed a Long-Term Offshore Agreement with Saudi Aramco...

Related Categories: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.