Sapura Energy secures long-term agreement from Saudi Aramco

Malaysian offshore service provider Sapura Energy have been selected by Saudi Aramco for its long-term agreement (LTA) programme.

The programme covers engineering, procurement, fabrication, transportation and installation (EPFTI) contracts to support Saudi Aramco’s offshore projects.

The LTA programme will be for six years with extension options. A key component of the LTA is Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) programme.

“Sapura Energy is taking proactive steps to fulfil its IKTVA commitments by partnering local businesses and developing local capabilities by leveraging on its in-house technical and project management expertise as well as its world-class fleet of offshore construction assets,” Sapura Energy said in a release.

“This win is a major milestone for Sapura Energy in line with our strategy to grow the business and deepen our presence in the Middle East,” said Tan Sri Shahril Shamsuddin, Sapura Energy’s president and group CEO.

This week, Saudi Aramco has also awarded similar contracts to Boskalis and Lamprell.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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