Abu Dhabi’s NPCC awarded Aramco offshore development agreement

DHAHRAN / WAM

Saudi Aramco’s offshore projects department recently awarded a long-term agreement (LTA) to National Petroleum Construction Company (NPCC) of Abu Dhabi for the execution of its offshore development programme.
It is the fifth LTA awarded by Saudi Aramco, with four earlier LTAs awarded in June 2015 to various engineering, procurement, fabrication and offshore installation (EPIC) contractors.
The latest LTA was signed by Tofiq Gabsani, Saudi Aramco project management executive director and Aqeel Madhi, CEO of NPCC. Madhi said, “It is a great honour and a great opportunity to be part of the LTA for Saudi Aramco’s offshore projects. We consider Saudi Aramco a strategic partner for us, and will spare no effort to ensure we meet the expectations of Saudi Aramco in terms of performance, quality and adherence to delivery schedule considering that NPCC have a good record in providing services according to the highest standards and foremost to achieve the aspirations of the IKTVA programme.”
Under the LTAs, contractors will be entrusted with the responsibility to deliver a huge number of offshore oil and gas producing platforms, tie-in platforms, pipelines, power cables, and all the related facilities required under the current Master Plan for Saudi Aramco’s offshore fields. The long term contracts have a fixed duration of six years with options to be extended for up to twelve years in total.
Ahmad Al Saadi, Senior Vice President of Saudi Aramco’s Technical Services said, “This fifth strategic LTA is needed for the successful execution of the complex and extensive offshore projects to be completed in the offshore Oil and Gas fields in the Arabian Gulf, all within an aggressive schedule.”
He also underlined the importance of local procurement and working with local companies, contractors and employing Saudis as outlined in the company’s
In-Kingdom Total Value Add (IKTVA)
programme.