March 26, 2019 / 5:09 PM / 3 months ago

Saudi Aramco, Mcdermott sign deal for new oil services facility

CAIRO, March 26 (Reuters) - Saudi Aramco signed a land lease agreement with McDermott Arabia Company on Tuesday to establish an engineering, procurement, construction, and installation 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, a subsidiary of McDermott International Inc, to establish a fabrication facility that 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 engineering, procurement, construction, and installation hub not only the Kingdom, but for the GCC region. (Reporting by Saeed Azhar, writing by Nayera Abdallah. Editing by Jane Merriman)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below