PETALING JAYA: Sapura Energy Bhd (Sapura Energy) denoted a critical achievement in its development technique when its wholly-owned subsidiaries, Sapura Fabrication Sdn Bhd and Sapura Saudi Arabia, were chosen to join Saudi Aramco’s Long-Term Agreement (LTA) program.
The LTA program covers engineering, procurement, fabrication, transportation, and installation (EPCI) contracts to help Saudi Aramco’s offshore projects.
Joining the significant association of global specialist organizations as an LTA contractor, Sapura Energy will take part in offers for EPCI opportunities by Saudi Aramco. The LTA program will be for a time of six years with choices for expansion.
“We are regarded to be chosen by Saudi Aramco for its LTA program. This success is a major achievement for Sapura Energy in accordance with our system to develop the business and extend our essence in the Middle East,” said the president and group CEO Tan Sri Shahril Shamsuddin, who was the signatory for the organization at the marking occasion held in Dammam, Saudi Arabia on Monday.
Sapura Energy qualified as an LTA contactor after effectively experiencing an extensive assessment and meeting thorough operational and security necessities.
A key part of the LTA is Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program which intends to drive local value creation with the LTA contractual workers.
Sapura Energy is finding a way to satisfy its IKTVA responsibilities by banding together neighborhood organizations and creating nearby capacities by utilizing on its in-house specialized and project management expertise and also its reality class fleet of offshore development resources.