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  • Saudi Aramco and McDermott Sign Lease Agreement to Establish Engineering, Procurement, Construction, and Installation Facility in Saudi Arabia
    édité le 27/03/2019 - Plus de news de "McDermott" - Voir la fiche entreprise de "McDermott"


Saudi Aramco and McDermott Sign Lease Agreement to Establish Engineering, Procurement, Construction, and Installation Facility in Saudi Arabia
Saudi Aramco signed a land lease agreement with McDermott Arabia Company, Ltd., a subsidiary of McDermott International, Inc., to grant McDermott a lease to establish a fabrication facility located within the King Salman International Complex for Maritime Industries in Ras Al-Khair, Saudi Arabia. This is pursuant to a Memorandum of Understanding signed between Saudi Aramco and McDermott.

The new facility will be used for large scale fabrication of offshore platforms and onshore/offshore modules. To further enhance project execution capabilities in Saudi Arabia, McDermott will also expand its in-country engineering and procurement offices, as well as establish a new marine base in the Eastern Province to support installation of offshore platforms, subsea pipelines and cables, skids, and associated structures and assemblies.

“This facility will serve as a major Engineering, Procurement, Construction, and Installation (EPCI) hub for not only the Kingdom, but for the GCC region,” said Ahmad Al Sa'adi, Saudi Aramco Senior Vice President of Technical Services.

“Having this facility with International Maritime Industries (IMI) in the King Salman International Complex for Maritime Industries offers an integrated portfolio of maritime products and services” said Mohammad Al Assaf, Saudi Aramco Vice President of New Business Development. “The localization of these capabilities will contribute to diversifying the economy, create almost 7,000 jobs, and achieve a target of 60% Saudization by 2030,” Al Assaf added.

The new facility in Ras Al Khair will be located near the Jubail Industrial City on the Kingdom’s east coast. It will cover an area of approximately 1,150,000m2 and will utilize cutting edge technologies to ensure world class standards in safety, quality and efficiency.

“Expanding our fabrication capacity in Saudi Arabia demonstrates McDermott’s commitment to the Kingdom’s Vision 2030 objectives,” said David Dickson, McDermott’s President and CEO.

“We will establish a world class fabrication facility that enables us to better serve the needs of Saudi Aramco and other customers in Saudi Arabia and across the region,” added Linh Austin, McDermott Senior Vice President, Middle East and North Africa.

At peak production, the facility will have a throughput capacity in excess of 60,000 metric tons per year. It will localize expertise in multiple disciplines related to the industry and is expected to create a significant number of direct and indirect job opportunities in the Kingdom. Apprenticeship and training programs will also be provided to ensure that a sufficient number of qualified nationals of the Kingdom are available for hire to meet the in-Kingdom content requirements. The facility is expected to be operational by 2022.

About McDermott

McDermott (NYSE: MDR) is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. It is called the "One McDermott Way." Operating in over 54 countries, McDermott's locally focused and globally-integrated resources include approximately 32,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. As used in this press release, McDermott includes McDermott International, Inc. and its subsidiaries and affiliates.

About Saudi Aramco

Saudi Aramco is a 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.


Origine : Communiqué McDermott

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