KUALA LUMPUR (Nov 28): Sapura Energy Bhd’s wholly-owned subsidiaries Sapura Fabrication Sdn Bhd and Sapura Saudi Arabia have been chosen by Saudi Arabian Oil Co (Saudi Aramco) for its long-term agreement (LTA) program.
The program covers engineering, procurement, fabrication, transportation, and installation (EPFTI) contracts to help Saudi Aramco’s offshore tasks.
Sapura Energy said in an announcement to Bursa Malaysia today the LTA affirms Sapura Energy’s determination as a LTA contractor for Saudi Aramco. Sapura Energy said Sapura Fabrication and Sapura Saudi Arabia can take an interest in offers for future EPFTI opportunities for offshore fields in Saudi Arabia.
Sapura Energy president and group CEO Tan Sri Shahril Shamsuddin said in the announcement: “This success is a noteworthy achievement for Sapura Energy in accordance with our technique to develop the business and extend our quality in the Middle East.”
As indicated by the announcement, Shahril was the signatory for Sapura Energy at the signing event held in Dammam, Saudi Arabia on Monday (Nov 26).
Today, Sapura Energy said the LTA program will be for a long time with extension options.
“Sapura Energy qualified as a LTA contactor after effectively experiencing extensive assessment and meeting thorough operational and safety necessities.
A key part of the LTA is Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program which means to drive neighborhood esteem creation with the LTA contractors.
“Sapura Energy is finding a way to satisfy its IKTVA commitments by collaborating nearby organizations local business and creating local capacities by utilizing on its in-house specialized and project management executives and in addition its world-class fleet of offshore construction resources,” Sapura Energy said.