India’s Larsen & Toubro (L&T), Spain’s Tecnicas Reunidas, South Korea’s Hyundai Engineering and Construction (Hyundai E&C), Norway’s Subsea 7, and China Petroleum & Chemical Corp (Sinopec) are among the firms that have reportedly won contracts from the world’s largest oil company, Saudi Aramco, as part of the 34 contracts valued at $18bn (SAR67.5bn) awarded for the oil giant’s Marjan and Berri oil field increment programmes.
While Saudi Aramco's announcement of its 34 contract awards – of which 50% have been awarded to 'high-caliber' Saudi Arabian firms – did not mention these company names, Bloomberg reported – based on an image shared by Saudi Aramco at the time of its announcement – that the branding of these international contracting firms indicated these companies had won contracts as part of the $18bn awards.
L&T, Tecnicas Reunidas, Subsea 7, and Sinopec have yet to comment on the Marjan and Berri projects, while Hyundai E&C has reportedly released a statement to local Korean media confirming its $2.7bn (SAR10bn) deal from Saudi Aramco for the Marjan field.
According to Saudi Aramco, the Marjan and Berri increment programme will create thousands of employment opportunities in Saudi Arabia.American contractor, Mcdermott was awarded two engineering, procurement, construction, and installation contracts with a combined value of $4.5bn (SAR16.8bn) for Packages 1 and 4 of Aramco Marjan Increment Development.
Italian contractor Saipem has also won $3.5bn (SAR13.5bn) contracts for Marjan and Berri, it announced on 10 July.
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