Boskalis to partner with Saudi Aramco in multi-billion investment programme
Royal Boskalis Westminster, with its partners, has been selected as a contractor on Saudi Aramco’s Long Term Agreement for Offshore Facilities (LTA) programme.
The LTA is part of an ambitious offshore investment programme and covers engineering, procurement, construction, transportation, and installation (EPCI) contracts to support Saudi Aramco’s Offshore Maintain Potential Program, Oil and Gas Program, and other offshore expansions.
Within the scope of the LTA, investments could exceed US$3 billion per annum with a program duration of six years, with options by Saudi Aramco to extend for a further three plus three years.
Boskalis acquired 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 will be responsible for the transport and installation of these structures in addition to dredging activities and specialist subsea activities including survey as well as pipeline and cable installation.
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