Page 10 - MEOG Week 28 2022

MEOG PROJECTS & COMPANIES MEOG

Saipem to form Saudi EPC champion

SAUDI ARABIA ITALIAN services firm Saipem has signed a deal Meanwhile, Dubai-based Kent plc – which
with Saudi Aramco and local construction firm has extensive experience carrying out digital-
Nasser S. Al Hajri Corp. (NSH) to form an engi- isation projects for Aramco – will collaborate
neering, procurement and construction (EPC) with local firm Nesma, South Korea’s Samsung
‘champion’ for the Kingdom. Engineering signed up with Al-Rushaid Group,
The deal follows the announcement of the and Sinopec Shanghai Engineering Co. (SSEC)
intention to implement the deal a week ear- paired with Abdel Hadi Abdullah Al-Qahtani &
lier, when Aramco disclosed the signing of 55 Sons Co. (AHQ).
memoranda of understanding (MoUs) under its In June, it emerged that Saipem and L&T –
Namaat Industrial Investment Programme, tar- alongside its UK-based LTA consortium partner
geting sustainability, digital, industrials, manu- Subsea 7 – and the UAE’s National Petroleum
facturing and social innovation. Construction Co. (NPCC) had been selected
Saipem is one of 10 members of Aram- by Aramco for nine engineering, procurement,
co’s long-term agreement (LTA) pool that are construction and installation (EPCI) contracts
accorded pre-qualification and access to such worth a combined total of around $1.6bn.
tenders. The deals, which cover the offshore Abu
The Italian firm said it expected to establish Sa’fah, Manifa, Ribyan, Safaniyah and Zuluf
the new company by the end of the year. In a assets, and the Qatif oilfield, which is predomi-
statement to the press, it highlighted previous nantly located onshore and work associated with
“fruitful co-operation” with NSH in executing the Jafurah unconventional gas and condensate
EPC projects in Saudi Arabia. Meanwhile, the field, entail the EPCI of five production deck
company noted its “long-running collaboration modules (PDMs) and 50 rig jackets.
[with Aramco] that includes the execution of a Following the completion of projects at the
wide set of activities, from onshore and offshore Ain Dar (100,000 barrels per day) and Fazran
engineering and construction, to drilling activi- (75,000 bpd) areas of the supergiant Ghawar oil-
ties, with onshore and offshore rigs”. field last year, Aramco is pushing forward with
The Saipem/NSH venture will be one of six several crude increment programmes – cover-
national champions set up with an EPC focus. ing the Berri, Dammam, Khurais, Marjan and
Fellow LTA signatories Larsen & Toubro Zuluf assets – are targeting 1.5mn bpd of new
(L&T) and Hyundai Heavy Engineering (HHE) output, which will offset decline elsewhere while
will form champions with Gulf Consolidated also likely contributing to the company’s effort to
Contractors and Al-Rashid Trading & Contract- expand maximum sustainable capacity (MSC)
ing Co. (RTCC) respectively. from 12mn bpd to beyond 13mn bpd by 2027.™

P10 www. NEWSBASE .com Week 28 13•July•2022