McDermott, an American construction company has signed a Memorandum of Understanding (MoU) with Saudi Aramco, region’s largest oil Company, to study the feasibility of executing onshore modular construction in the Kingdom using McDermott’s Saudi Arabia Fabrication In Ras Al-Khair (SAFIRA) fabrication yard.
The signing took in Dhahran, Saudi Arabia, during the Industrial Investment Event. With this MoU, McDermott is continuing to help Saudi Arabia’s efforts to increase localization in line with the Saudi Vision 2030.
The partnership as part of Aramco’s Namaat Program will look for strategies to work on the plant modularization concept, helping Saudi Aramco in determining the scope of modularization prospects throughout its upstream and downstream onshore projects portfolio.
“McDermott is one of the premier module fabricators in the industry. It is a key competency we offer in our delivery of integrated, at-scale solutions for our customers driving certainty on cost and schedule throughout project execution. It also elevates safety and quality, while reducing the footprint at the site as work done at our fabrication facilities takes place in a controlled environment.”
Saudi Aramco’s King Salman International Complex for Maritime Industries and Services at Ras Al-Khair is home to McDermott’s SAFIRA fabrication yard. It will be able to build and assemble offshore platforms and jackets, subsea pipelines, and onshore modules once it is fully operational.
“This agreement demonstrates Saudi Aramco’s confidence in McDermott as a trusted partner and is an opportunity for both companies to exchange knowledge. It enhances our close relationship and reinforces our commitment to growing our capabilities in-Kingdom,” said Mr. Tareq Kawash, McDermott Senior Vice President, Europe, Middle East and Africa.
Operating in over 54 countries, McDermott’s locally-focused and globally integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.