MMHE and TechnipFMC sign a long ‐ term offshore agreement with Saudi Aramco
Malaysia Marine and Heavy Engineering Holdings Berhad has announced that its wholly owned subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), in consortium with TechnipFMC has signed a Long‐Term Agreement (LTA) with Saudi Arabian Oil Company (Saudi Aramco).
This agreement, valid for 6 years with option to extend for ano ther 6 years, covers engineering, procurement, fabrication, transp ortation, and installation of o ffshore facilities in support of Saudi Aramco’s Offshore Maintain Potential Program, and other works w hich will be executed within the Kingdom of Saudi Arabia waters. The agreement was signed during Saudi Aramco’s In‐Kingdom Total Value Add (IKTVA) Annual Forum in Dammam, Saudi Arab ia on 26 November 2018.
With relations to the LTA, MMHE and its partner will be looking at certain scope to be performed in Saudi Arabia, supporting the on‐going Saudization initiative.
About MHB
Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) is a globally trusted energy industry and marine solutions provider for a wide range of heavy engineering facilities and vessels. MHB has more than 40‐year track record of delivering integrated and complex solutions, including deepwater support services to international oil & gas clients.
