Saipem has signed a renewal with Saudi Aramco of its long-term agreement (LTA) in Saudi Arabia until year-end 2027.
The company is one of the contractors chosen by Aramco to bid for Contract Release Purchase Orders, which are contracts related to construction of new projects or others designed to sustain production from Aramco’s offshore fields.
Any contracts awarded under the LTA would be conducted by a consortium between Saipem subsidiary Snamprogetti Saudi Arabia and Saipem Taqa Al-Rushaid Fabricators (STAR), using a local fabrication yard in Saudi Arabia that was established in 2008.
