Built to inform

Sign up for the daily newsletters

No, Thank you

L&T, Sinopec said to win Saudi Aramco's $18bn Marjan, Berri deals

American contractor McDermott and Italy's Saipem have already confirmed wins cumulatively worth $8bn from Saudi Aramco

Saudi Aramco's signing ceremony for Marjan and Berri.
Saudi Aramco
Saudi Aramco's signing ceremony for Marjan and Berri.

India’s Larsen & Toubro (L&T), Spain’s Tecnicas Reunidas, South Korea’s Hyundai Engineering and Construction (Hyundai E&C), Norway’s Subsea 7, and China Petroleum & Chemical Corp (Sinopec) are among the firms that have reportedly won contracts from the world’s largest oil company, Saudi Aramco, as part of the 34 contracts valued at $18bn (SAR67.5bn) awarded for the oil giant’s Marjan and Berri oil field increment programmes.

While Saudi Aramco's announcement of its 34 contract awards – of which 50% have been awarded to 'high-caliber' Saudi Arabian firms – did not mention these company names, Bloomberg reported – based on an image shared by Saudi Aramco at the time of its announcement – that the branding of these international contracting firms indicated these companies had won contracts as part of the $18bn awards. 

L&T, Tecnicas Reunidas, Subsea 7, and Sinopec have yet to comment on the Marjan and Berri projects, while Hyundai E&C has reportedly released a statement to local Korean media confirming its $2.7bn (SAR10bn) deal from Saudi Aramco for the Marjan field. 

According to Saudi Aramco, the Marjan and Berri increment programme will create thousands of employment opportunities in Saudi Arabia.

American contractor, Mcdermott was awarded two engineering, procurement, construction, and installation contracts with a combined value of $4.5bn (SAR16.8bn) for Packages 1 and 4 of Aramco Marjan Increment Development. 

Italian contractor Saipem has also won $3.5bn (SAR13.5bn) contracts for Marjan and Berri, it announced on 10 July. 

Most popular


New category open for consultancies at CW Awards 2019 in Dubai
Sub-Consultancy of the Year to be crowned for the first time at the gala ceremony


Leaders UAE 2019: Pinsent Masons confirmed as Gold Sponsor
Law firm is among the major construction industry players confirmed as sponsors for Leaders UAE's
Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power

Latest Issue

Construction Week - Issue 746
Jul 20, 2019