McDermott announced on Wednesday it won a global competition for a new long-term agreement from Saudi Aramco for future brownfield work in various offshore fields in Saudi Arabia.
The agreement, which was signed on June 10, 2015, at Saudi Aramco headquarters in the city of Dhahran, establishes the terms and conditions by which McDermott can bid on future engineering, procurement, construction and installation (EPCI) work in offshore fields in the Kingdom.
The signing is the second agreement between McDermott and Saudi Aramco. Currently, McDermott executes work under an existing long-term deal with Aramco, which has been in place since June 28, 2007.
“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,” said Tom Mackie, McDermott’s vice president, Middle East.
“Our close relationship with Saudi Aramco is important and reflects 45 years of operational and technical success, project delivery and execution, and experience in Saudi Aramco’s offshore fields.”
