Riyadh - Mubasher: Saudi Aramco announced on Wednesday that it has awarded a long-term Agreement (LTA) to National Petroleum Construction Company (NPCC) of Abu Dhabi, according to the company’s statement.
The LTA contracts have a fixed duration of 6 years with options to be extended for up to twelve years in total, the company said without specifying the agreement’s value.
The agreement is regarding the execution of a huge number of offshore oil and gas producing platforms, tie-in platforms, pipelines, power cables, and other related facilities required under the current master plan for Saudi Aramco's offshore fields.
The contract was signed by Saudi Aramco project management executive director Tofiq Gabsani and Aqeel Madhi, the CEO of NPCC.
This is the fifth contract of its kind between Aramco and NPCC, the statement indicated.
