Aramco and Lamprell Deepen Offshore Partnership with LTA Renewal

5 Key Highlights:

• Agreement Extension: Lamprell has extended its Offshore Long-Term Agreement (LTA) with Aramco, originally established in 2018.
• Signing Ceremony: Took place at Aramco’s Dhahran headquarters with top representatives from both companies.
• Project Delivery: Lamprell has successfully completed several LTA projects and is currently working on more from its UAE facility.
• Vision 2030 Commitment: The partnership aligns with Saudi Arabia’s Vision 2030, emphasizing local content and industrial growth.
• Saudi Presence: Lamprell is expanding its Saudi operations, including its role in the International Maritime Industries (IMI) joint venture, to support the IKTVA (In-Kingdom Total Value Add) program.

Lamprell has officially announced the extension of its Offshore Long-Term Agreement (LTA) with Aramco, reinforcing a strategic partnership that began in 2018. A formal signing ceremony was held at Aramco’s offices in Dhahran, Saudi Arabia, attended by Lamprell Chairman Dr. Ghazi Osman, CEO Ian Prescott, and senior Aramco project management officials.

CEO Ian Prescott expressed pride in Lamprell’s successful project deliveries under the LTA and reaffirmed the company’s dedication to supporting the Kingdom’s Vision 2030. Highlighting ongoing work at its UAE facility and expanding presence in Saudi Arabia, Lamprell showcased its long-term commitment through its involvement in the International Maritime Industries yard and active contribution to Aramco’s IKTVA program. This renewal marks a continued collaboration focused on driving local value, energy sector growth, and regional innovation.