Oil and gas giant Saudi Aramco has chosen Dutch marine contractor Royal Boskalis Westminster to work on its Long Term Agreement for Offshore Facilities (LTA) programme.
In a statement, Boskalis said it entered the agreement in consortium with the UAE-based company Lamprell, which will focus on the engineering, procurement, and construction of offshore structures, such as topsides and jackets.
Boskalis, meanwhile, will be responsible for the transport and installation of these structures, in addition to dredging activities and specialist subsea activities, including surveys and pipeline and cable installation.
The firm said the agreement “is an important milestone for Boskalis and supports the strategic vision of selective growth towards becoming a full-scope transport and installation contractor at the high-end of the offshore energy market”.
Within the scope of the LTA, it added, investments could exceed $3bn per annum, with a programme duration of six years, with options by Saudi Aramco to extend the deal for up to six years.
As part of the LTA programme at Aramco, selected contractors like Boskalis have the right to bid for tenders put out by the Saudi oil giant without further technical prequalification, considerably shortening the lead time through to award.
Speaking on the win, Peter Berdowski, chief executive officer at Boskalis, said: “This agreement with Saudi Aramco marks an important milestone for Boskalis. As spearhead of our strategy we have over the last number of years invested in vessels and people to broaden our offshore transport & installation capabilities.
“The choice for Boskalis as LTA partner supports and confirms our strategic vision,” he added, noting that the coming year will see the firm “focus on tendering and building up our local organisation in preparation of the execution of projects for the period thereafter”.