Dutch offshore engineering specialist Boskalis, with its partner Lamprell, has been selected as a contractor on Saudi Aramco’s long term agreement for offshore facilities program.
The agreement is part of Saudi Aramco’s offshore investment program and covers engineering, procurement, construction, transportation and installation (EPCI) contracts to support Saudi Aramco’s offshore maintain potential program, oil & gas program, and other offshore expansions.
Investments under the agreement could exceed $3bn per annum with a program duration of 6 years, plus options to extend for a further 3 plus 3 years.
Boskalis have the right to bid for tenders put out by Saudi Aramco without further technical prequalification.
“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. We are proud of the confidence shown by Saudi Aramco and look forward to working in partnership. In the coming year, we will focus on tendering and building up our local organization in preparation of the execution of projects for the period thereafter. It is expected that the agreement will generate multiple hundreds of millions of euros revenue for Boskalis,” said Peter Berdowski, CEO of Boskalis.