Italian oil services company Saipem expressed its commitment to Saudi Arabia and mentioned its plans to take part in a series of tenders offered by the company, Reuters reported.
Chief Executive Stefano Cao said that Saudi Aramco remained his group’s biggest client and is a major part of its long-term plans.
“The sheer size of investments by Saudi Aramco are the long-term basis for our engagement and commitment,” Cao said.
Saudi Aramco has plans to invest more than $50 billion in the oil, gas, infrastructure and industry sectors, a source familiar with the matter told Reuters on October 23.
Enthusiasm for business opportunities in Saudi Arabia has been stifled recently by reports surrounding the death of dissident Saudi journalist Jamal Khashoggi.
Saipem holds a framework agreement with Saudi Aramco until 2021 as well as fabrication yard in the Kingdom.
In July the company was awarded a procurement and construction contract for the development of the Haradh gas plant in the east of the country.
“Saudi Arabia is very, very important and there are many more projects we’ll be participating in,” Cao said.