Royal Boskalis Westminster, together with local partner Lamprell, has been selected as a contractor on Saudi Aramco’s Long-Term Agreement for Offshore Facilities (LTA) program. The LTA is part of an ambitious offshore investment initiative and covers engineering, procurement, construction, transportation and installation (EPCI) contracts to support Saudi Aramco’s offshore expansion strategy. The total value of investments falling within the LTA could exceed US$ 3 billion per annum over a period of 6 years. Selected contractors have the right to bid for tenders put out by Saudi Aramco without further technical prequalification, considerably shortening lead times.
Boskalis acquired the agreement in consortium with the United Arab Emirates-based company Lamprell. Lamprell will focus on the engineering, procurement and construction of offshore structures, such as topsides and jackets. Boskalis will be responsible for the transportation and installation of these structures, in addition to dredging and specialist subsea activities, including survey as well as pipeline and cable installation.
Peter Berdowski, Boskalis chief executive, described the contract as an important milestone for the company, “We have over the last few years invested in vessels and people to broaden our offshore transport and installation capabilities. The choice of Boskalis as an LTA partner supports and confirms our strategic vision and it is expected that the agreement will generate many hundreds of millions of euros of revenue for Boskalis.”