Aramco, Mcdermott to Establish New Oil Facility

Aramco, Mcdermott to Establish New Oil Facility

Saudi Aramco has inked a land lease agreement with Mcdermott Arabia Company to build an engineering, procurement, construction and installation (EPCI) facility in Saudi Arabia, Reuters reported.

The facility will be used for large scale fabrication of offshore platforms and onshore/offshore modules.

Establishing the facility serves as a major EPCI hub not only for the Kingdom, but for the GCC region as well, according to Saudi Aramco Senior Vice President of Technical Services, Ahmad Al Sa’adi.

The King Salman International Complex for Maritime Industries in Ras Al-Khair is selected to be the construction place of the fabrication facility.



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