TechnipFMC (NYSE: FTI), in consortium with MMHE (Malaysia Marine and Heavy Engineering Sdn Bhd), on Jan. 7 signed a long-term offshore agreement with Saudi Aramco.
This agreement, valid for six years, covers engineering, procurement, fabrication, transportation and installation of offshore facilities for the development of Saudi Aramco’s offshore projects.
This agreement builds on the long-term relationship between TechnipFMC and Saudi Aramco, as well as the strong partnership between TechnipFMC and MMHE which has a proven track record of successful project execution and delivery.
In support of this project, TechnipFMC will continue hiring and training Saudi engineers, supporting the on-going Saudization initiative.
“We are very pleased to extend our partnership with Saudi Aramco and to support their ambitious offshore development program,” Nello Uccelletti, president of TechnipFMC’s Onshore/Offshore Business, said. “Along with our partner MMHE, we firmly believe that success is achieved through collaboration and that this agreement, leveraging the know-how and expertise of all parties, will be beneficial to the Saudi industry.”
Recommended Reading
Axis Energy Deploys Fully Electric Well Service Rig
2024-03-13 - Axis Energy Services’ EPIC RIG has the ability to run on grid power for reduced emissions and increased fuel flexibility.
2023-2025 Subsea Tieback Round-Up
2024-02-06 - Here's a look at subsea tieback projects across the globe. The first in a two-part series, this report highlights some of the subsea tiebacks scheduled to be online by 2025.
SLB to Use Geminus AI Physics-based AI Model Builder
2024-01-10 - AI models built using physics-based simulations from Geminus will optimize oil and gas operations, SLB says.
Exclusive: NexTier Reveals New Blending Equipment for Fracturing
2024-01-09 - Renee LeBas, vice president of NextGen at NexTier introduces their latest technology and electric driven blending equipment for fracturing operations with risk reducing components in this week's Tech Trends.
Drilling Automation Systems Provide Consistency Across Wells, Fields, Personnel
2024-01-09 - Automated drilling systems don’t get tired, forgetful or concerned about the type of rig or formation.