Depp appears to be experiencing a notable career resurgence
entertainment2 hours ago
The Saudi Aramco offshore projects department has awarded a long-term agreement (LTA) to Abu Dhabi's National Petroleum Construction Company (NPCC).
The LTA is for the execution of Saudi Aramco's offshore development programme.
In June 2015, four LTA contracts were awarded to internationally renowned engineering, procurement, fabrication and offshore installation contractors.
The LTA was signed by Saudi Aramco project management executive director Tofiq Gabsani and Aqeel Madhi, CEO of NPCC.
Under the LTAs, contractors will be entrusted with the responsibility to deliver a huge number of offshore oil and gas producing platforms, tie-in platforms, pipelines, power cables and all the related facilities required under the current master plan for Saudi Aramco's offshore fields.
The LTA contracts have a fixed duration of six years with options to be extended for up to 12 years in total.
Ahmad Al Saadi, senior vice-president of Saudi Aramco's technical services, said: "This fifth strategic LTA is needed for the successful execution of the complex and extensive offshore projects to be completed in the offshore oil and gas fields in the Arabian Gulf - all within an aggressive schedule."
He also underlined the importance of local procurement and working with local companies, contractors and employing Saudis as outlined in the company's in-kingdom total value add programme.
Madhi said: "We consider Saudi Aramco a strategic partner for us, and will spare no effort to ensure we meet the expectations of Saudi Aramco in terms of performance, quality and adherence to delivery schedule."
Saudi Aramco produced one in every eight barrels of the world's crude oil supply.
- haseeb@khaleejtimes.com
Depp appears to be experiencing a notable career resurgence
entertainment2 hours ago
Baghdad suspended all flight briefly on Saturday following the strike
mena3 hours ago
VAT is applied only to the profit generated from the sale of the goods, rather than the entire selling price. This arrangement benefits sellers by lowering their VAT liability, enabling them to offer savings to customers
business technology review3 hours ago
“By 2030, we aim to be one of the global leaders in the niche fragrance and flavour world,” says Manoj Arora
supplements4 hours ago
Steve Smith will drop down the order to replace the all-rounder at number four in the test side, leaving a vacancy in the opening partnership alongside Usman Khawaja
cricket4 hours ago
Al Maya Group unveils exciting offers for a joyous festival in the UAE
supplements4 hours ago
Whether you're celebrating Deepavali with dazzling gold or stunning diamonds, Bhima Jewellers offers the perfect blend of tradition and luxury for the festive season
supplements4 hours ago
The South Asian team to open the tour Down Under with three one-day internationals in Melbourne, Adelaide and Perth
cricket4 hours ago