Lamprell with its partners has been selected as a contractor on Saudi Aramco's Long Term Agreement for Offshore Facilities (LTA) programme.

The LTA is part of an ambitious offshore investment programme and covers engineering, procurement, construction, transportation and installation (EPCI) contracts to support Saudi Aramco's Offshore Maintain Potential Program, Oil & Gas Program, and other offshore work. Within the scope of the LTA, investments could exceed USD 3 billion per annum with an initial programme duration of 6 years, with options by Saudi Aramco to extend for a further 3 plus 3 years. Selected LTA contractors have the right to bid for tenders put out by Saudi Aramco without further technical prequalification or preselection, considerably shortening the lead time through to award.

Lamprell submitted its bid in a consortium with Boskalis, a leading global marine contractor. Lamprell will focus on the engineering, procurement and construction of offshore structures, such as topsides and jackets. Boskalis will be responsible for the transport and installation of these structures, in addition to specialist subsea activities, including survey as well as pipeline and cable installation. This agreement is a very important milestone for Lamprell.

KeyFacts Energy Industry Directory: Lamprell