Fossil Energy – Saipem
Saipem has signed a renewal for its framework agreement with Saudi Aramco.
The Long-Term Agreement (LTA) now extends until the end of 2027.
With the renewal of the LTA, Saipem is reconfirmed in the exclusive list of contractors selected by Saudi Aramco eligible to bid for work orders, known as CRPOs (Contract Release Purchase Orders).
These contracts may relate to the construction of new investment projects and any projects aimed at maintaining production capacity from Saudi Arabia’s offshore fields.
Should Saipem be awarded contracts for activities within the Kingdom under the LTA, these will be carried out by a consortium between Snamprogetti Saudi Arabia, which aims to maximize local activities leveraging the local fabrication yard, established in Saudi Arabia in 2008.
