Saipem has signed with Saudi Aramco a framework agreement, Long Term Agreement (LTA), for a duration of twelve years and covering onshore engineering and construction activities. The agreement entails efficiency activities on existing facilities and is part of Saudi Aramco’s broader long-term plan to update its facilities in the country’s Eastern Province.

The programme’s goal, among others, is aimed at optimising consumption and reducing emissions of CO2 and H2S.

The framework agreement includes possible interventions on Upstream and Downstream facilities situated , amongst others, in the following areas: Wasit, Khursaniyah, Abu-Ali, Jubail, Berri, Ras Tanura, Qatif, Abqaiq, Shedgum, Uthmaniyah, Hawiyah, Haradh, Khurais, Ghawar.

Saipem and Saudi Aramco enjoy a collaboration dated several decades on both onshore and offshore facilities and infrastructure and are already engaged under an equivalent Long Term Agreement for offshore activities in Saudi Arabia, extended in 2015. In addition, Saipem is currently working with Saudi Aramco on drilling activities, with its onshore and offshore rigs.

Maurizio Coratella, COO of the E&C Onshore Division commented: “This new agreement with Saudi Aramco, among our major clients and one of the most active players in the energy sector, strengthens a longstanding relationship and confirms Saipem’s strategic positioning in the Middle East under a medium-long term perspective. It underscores the confidence and appreciation for the high quality of our services and expertise. In particular, the agreement consolidates Saipem’s leadership as a company committed to providing bespoke cutting-edge technological solutions to a strategic client”.

About Saipem

Saipem is a leading company specialising in engineering, drilling and construction services for major projects in the energy and infrastructure sectors. It is a single company divided into five business divisions (E&C Offshore, E&C Onshore, Drilling Offshore, Drilling Onshore, and XSIGHT dedicated to conceptual engineering). As a global solution provider, Saipem, with its unique skills and expertise and high-tech assets, develops solutions designed to meet its customers' needs. It is listed on the Milan Stock Exchange and operates in more than 70 countries worldwide, employing 34,000 employees of 120 different nationalities.

About Saudi Aramco

Saudi Aramco is a leading global integrated energy and chemicals company. We are driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, our global team is dedicated to creating impact in all that we do. We focus on making our resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world.
“We are counting on the long-standing relationship between Saudi Aramco and SABIC on one side, and KBR on the other, to develop this preliminary engineering package for the world-class complex.” says Fahad E. Al-Helal, vice president of Project Management.