Saudi Aramco is putting together a list of contractors to form a select pool of firms to implement onshore EPC contracts. The list will operate similarly to the offshore Long Term Agreement (LTA) pool, which has gradually been expanded to include 11 firms automatically shortlisted for projects. UK services firm Petrofac which is under investigation from the UK’s Serious Fraud Office (SFO) has not been shortlisted for inclusion in the new onshore LTA pool, but is optimistic that this will change.
CEO Ayman Asfari told the firm’s 11 August Q2 earnings call that “we believe we'll be added to the list. When we are back on the LTA, we are imminently qualified to bid big projects.” Mr Asfari referenced Petrofac’s work at two major Aramco projects, the Jazan refining complex (see column) and in particular the 2.5bn cfd Fadhili gas processing plant. “We have also delivered the Fadhili project, which was a $1.7 billion project. And the client is extremely happy with our performance… I have no reason to believe we won't be added to the LTA as soon as we're back bidding in Saudi.” (CONTINUED - 185 WORDS)