Saudi Aramco, McDermott Sign Lease Agreement for EPCI Facility

Saudi Aramco signed a land lease agreement with McDermott Arabia Company, a subsidiary of McDemortt International, to grant McDermott a lease to establish a fabrication facility in Saudi Arabia.

Located within the King Salman International Complex for Maritime Industries in Ras Al-Khair, the new facility will be used for the large scale fabrication of offshore platforms and onshore/offshore modules. To further enhance its project execution capabilities in Saudi Arabia, McDermott said it will expand its in-country engineering and procurement offices, as well as establish a new marine base to support the installation of offshore platforms, subsea pipelines and cables, skids, and associated structures and assemblies.

At peak production, the facility will have a throughput capacity exceeding 60,000 tonnes/yr. It is expected to be operational by 2022.