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Aramco Selects McDermott for Long-Term Project Management Consultancy Agreement

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Aramco selected McDermott as one of 11 contractors under a multi-year project management consultancy agreement supporting major energy and industrial developments across Saudi Arabia, McDermott said Wednesday.

Through the agreement, McDermott will provide engineering, front-end development and project management consultancy services for large-scale energy, downstream, petrochemical and low-carbon projects in Saudi Arabia, the company said.

To deliver the work, McDermott formed a strategic partnership with Solutions Leaders Fayez Engineering, or SLFE, an Aramco-approved engineering services contractor based in Saudi Arabia, the company said.

The partnership combines McDermott's experience managing large capital projects with SLFE's local engineering expertise and in-country execution capabilities, according to the company.

Michael McKelvy, chief executive officer and chair of McDermott, said the company's partnership with SLFE will support localization, knowledge transfer and long-term capacity building in Saudi Arabia.

Under the arrangement, SLFE will handle engineering support and client engagement within Saudi Arabia, while McDermott will oversee execution planning, governance and technical leadership through its global engineering network, the company said.

"We are proud to partner with McDermott on this strategic agreement with Aramco," Ashraf Alkhaznadar, president and chief executive officer of SLFE, said, adding that the collaboration supports Aramco's long-term objectives while helping develop domestic engineering capabilities.

The award strengthens McDermott's position within Aramco's long-term investment program and expands its role as a provider of engineering and project execution services, according to the company.

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