SAUDI ARAMCO PICKED SAPURA ENERGY AS LTA CONTRACTOR

SAUDI ARAMCO PICKED SAPURA ENERGY AS LTA CONTRACTOR

KUALA LUMPUR: Saudi Aramco has picked Sapura Energy Bhd’s two units for the oil major’s long-term agreement (LTA) program after their fruitful capability as a contractor.

Sapura Energy, an incorporated oil and gas services and solution provider, said on Wednesday Sapura Fabrication Sdn Bhd and Sapura Saudi Arabia were delegated for the program.

“The LTA program covers engineering, procurement, fabrication, transportation, and installation (EPCI) contracts to help Saudi Aramco’s offshore projects,” it said.

Sapura Energy said this denoted a noteworthy achievement in its development methodology as it joined the significant class of global specialist organizations as an LTA contractor.

Sapura Energy will take an interest in offers for EPCI opportunities by Saudi Aramco. The LTA program will be for a time of six years with an option for extension.

Sapura Energy president and group CEO Tan Sri Shahril Shamsuddin stated: “We are honored to be chosen by Saudi Aramco for its LTA program. This success is a noteworthy achievement for Sapura Energy in accordance with our strategy to develop the business and extend our quality in the Middle East.”

He was the signatory for the organization at the signing event held in Dammam, Saudi Arabia on Monday.

He said Sapura Energy qualified as an LTA contactor after effectively experiencing extensive assessment and meeting thorough operational and safety requirements.

A key segment of the LTA is Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program which means to drive local value creation with the LTA contractor

Sapura Energy is finding a way to satisfy its IKTVA commitments by partnering local businesses and creating local capacities by utilizing on its in-house specialized and project management expertise and its world-class fleet of offshore construction resources.

Source:https://www.thestar.com.my/business/business-news/2018/11/28/saudi-aramco-picks-sapura-energy-as-lta-contractor/

Leave a Reply

Your email address will not be published. Required fields are marked *