Saudi Aramco inks deals to develop offshore projects

12/07/2015 Argaam

Saudi Arabian Oil Company (Saudi Aramco) has signed Long Term Agreements (LTA) with four companies to develop offshore projects, as part of the company’s strategy to become a top integrated oil and petrochemicals company by 2020, the state-owned oil company said in a statement.

 

Under the extendable six-year contracts, the companies will execute offshore developments, including engineering, procurement, transportation, and installation of offshore facilities. This includes platforms, pipelines and submarine cables.

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