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Click on the top to follow us Saudi Aramco has initiated the tender process for a strategic offshore contract for its Marjan oil and gas field, as it continues to press ahead with crucial brownfield and maintenance projects. Aramco carries out offshore maintenance projects through its coveted long term agreement (LTA) framework, which has consistently offered engineering, procurement, construction and installation (EPCI) deals worth $2 billion to $3 billion annually in the past few years. While the LTA activity was subdued during the first half of 2024, following Aramco’s decision to pause the kingdom’s oil production capacity at 12 million barrels per day (bpd), multiple new tenders and project awards in recent months have ensured that the lucrative offshore programme is back on track. For more information, please scan the QR code！
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