Subsea7 announced the award of a major project under the long-term agreement (LTA) with Aramco that relates to certain facilities located offshore Saudi Arabia.
Subsea7 defines a major contract as being between $750 million and $1.25 billion
The contract scope includes the engineering, procurement, construction, and installation (EPCI) of 106 kilometres of infield and export pipelines, modification to existing topsides, and associated hook-up activities. Project management and engineering work will begin immediately at Subsea7’s offices in Saudi Arabia and the UAE. Offshore activities are scheduled for 2027 and 2028.
David Bertin, Senior Vice President for Subsea7 Global Projects Centre East, said: “This project marks another important milestone and reinforces our long-term strategic engagement with Aramco. We look forward to working closely with the client to deliver this project safely, efficiently, and to the highest standards.”
Earlier during December 2024, Subsea7 awarded a substantial contract by Aramco. The value of the contract is in between $150 million and $300 million. (read more)
