McDermott Wins Biggest Offshore Contract With Aramco

Published at 09:34AM - 29/08/15

Huston based McDermott has announced its biggest contract win to date, within the Middle East, from Saudi Aramco.

In a release to the press, the oil and gas engineering specialists said, the contract was for all Saudi Aramco’s offshore engineering, procurement, construction and installation (EPCI) within Saudi Arabian waters.

The contract is to commence in the second quarter of 2018 is said to be ‘fixed price’, although no information on contract value has been released, however, the firm has said it represents the biggest award within the Middle East in the company’s history.

The award of this latest contract, follows hotly on the heals of an other Long Term Agreement (LTA) in June, between Saudi Aramco and McDermott.

McDermott has said that it is hopping to strengthen its Middle East operations through the award, greatly increasing its output through both its engineering office in Al Khobar and fabrication facility in Dammam.

McDermott’s President and CEO, David Dickson, “Winning this important award and signing the new LTA sends a clear signal that our increased engagement with key clients is generating concrete results,”

“Our detailed knowledge and understanding of Saudi Aramco’s objectives, as well as our proven excellence in the Kingdom and the region continue to set us apart. Delivering on strong project execution and integrating McDermott’s local knowledge are critical to future success as we execute these and other projects for Saudi Aramco.”

McDermott’s Vice President, Middle East, Tom Mackie, said, “As one of the original two contractors for Saudi Aramco’s first LTA in 2007, we understand Saudi Aramco’s offshore fields, standards and specifications – and the value that Saudi Aramco places in McDermott’s fully integrated EPCI solutions.”