Consortium Clinches Long Term Agreement with Saudi Aramco
Thursday 9 July 2015
Consortium of L&T Hydrocarbon Engineering with EMAS AMC clinches Long Term Agreement for work on offshore facilities in the Middle East with Saudi Aramco
Larsen & Toubro Hydrocarbon Engineering (LTHE) in a consortium with EMAS AMC has been awarded a long term agreement (LTA) from Saudi Aramco for six years with options to extend for another six (2 x 3 years)
The scope of work will include project management, engineering, procurement, fabrication, transportation and installation works (EPCI), and miscellaneous offshore construction services
EMAS AMC, the subsea division of EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced it has signed a six year LTA with one of the world largest national oil company, Saudi Aramco, with exercisable options to extend for another six years (2x3 years), in a consortium with Larsen & Toubro Hydrocarbon Engineering (LTHE).
Under the awarded LTA, LTHE and EMAS AMC will execute offshore projects with Saudi Aramco that include work such as project management, engineering, procurement, fabrication, transportation and installation works (EPCI) of offshore facilities such as platforms, pipelines, submarine cables and other offshore services.
"This long term agreement is the embodiment of our working relationship with LTHE and Saudi Aramco, and is aligned with our subsea strategy of focusing our capabilities and expertise where tendering activities remain robust," said Mr Lionel Lee, Chairman, EMAS AMC.
"We are grateful to Saudi Aramco for giving us this opportunity to showcase our project enabling assets and operational excellence in the Middle East, and this endorsement will drive the subsea business forward, bolstering our track record as a global solutions provider.
"We are also very excited to partner LTHE in this undertaking. I am confident that between LTHE and ourselves, we will deliver safe and timely projects in the Middle East, and I look forward to a very fruitful long-term partnership."