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The two units of the long-term agreement (LTA) program of the major oil company after their successful qualification as an entrepreneur.
Sapura Energy, an integrated provider of oil and gas services and solutions, announced Wednesday that Sapura Manufacturing Sdn Bhd and Sapura Saudi Arabia have been nominated for the program.
"The LTA program covers engineering, procurement, manufacturing, transportation and installation (EPCI) contracts to support Saudi Aramco's offshore projects," the report says.
Sapura Energy said this marks a milestone in its growth strategy, joining the major league of international service providers as an LTA contractor.
Sapura Energy will participate in tender calls for EPCI opportunities from Saudi Aramco. The LTA program will last six years and may be extended.
Tan Sri Shahril Shamsuddin, President and CEO of Sapura Energy, said: "We are honored to be selected by Saudi Aramco for its LTA program. This victory is a major milestone for Sapura Energy, in line with our strategy to develop the business and strengthen our presence in the Middle East. "
He was the signatory of the company at the signing ceremony that took place in Dammam, Saudi Arabia on Monday.
He stated that Sapura Energy was qualified as an LTA contactor after successfully completing a thorough evaluation and meeting stringent operational and safety requirements.
A key element of the LTA is Saudi Aramco's In-Kingdom Total Value Add (IKTVA) program, which aims to create local value with LTA contractors.
Sapura Energy takes proactive steps to honor its commitments to IKTVA by building partnerships with local businesses and developing local capabilities by leveraging its technical and project management expertise as well as its fleet of offshore construction assets. world class.
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