Production
UAE EPC Firm Lamprell Capitalizes on Aramco Agreement
Engineering, procurement and construction (EPC) company Lamprell (Dubai, United Arab Emirates (UAE)) made a modest start when it signed a long-term agreement with Saudi Aramco in 2018 for six years.
Released Friday, December 22, 2023
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Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering, procurement and construction (EPC) company Lamprell (Dubai, United Arab Emirates (UAE)) made a modest start when it signed a long-term agreement with Saudi Aramco (Dhahran, Saudi Arabia) in 2018 for six years.
Initially, the company managed to secure two low-profile projects, namely CRPO 61 and CRPO 67. But in 2023, Lamprell dominated the Saudi EPC market when it outpaced more renowned international engineering firms and secured two big-ticket projects.
In July 2023, it won CRPO 125 and CRPO 126, worth US$400 million, and again in October 2023, it was awarded with CRPO-135, worth US$390 million. CRPO-135 involves installation and upgradation of production deck modules and subsea pipelines and cables.
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Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
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