Saudi Aramco, McDermott Sign Deal For New Oil Services Facility

Saudi Aramco signed a land lease agreement with McDermott Arabia Company on the 26^th March to establish an engineering, procurement, construction, and installation (EPCI) facility in the King Salman International Complex for Maritime Industries in Ras Al-Khair, Saudi Arabia.

A joint press release said that Aramco signed the lease with McDermott Arabia to establish a fabrication facility which will be used for large scale fabrication of offshore platforms and onshore/offshore modules.

Saudi Aramco senior vice president of technical services, Ahmad Al Sa’adi said the facility would serve as a major EPCI hub not only for the Kingdom, but for the GCC region.

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 1,150,000 square miles (12,378,496 square feet).

At peak production, the facility will have a throughput capacity in excess of 60,000 metric tons per year.

Source: Energy-pedia