Drilling groups sign procurement deals with Aramco

Offshore staff

DHAHRAN, Saudi Arabia — Aramco has signed 59 corporate procurement agreements (CPAs) with 51 local and international manufacturers with a combined value of $11 billion.

They cover commodities including drilling chemicals, wellheads, switchgears, vibration monitoring systems, pipes, compressors, structure steel, fittings and flanges, and air-cooled heat exchangers.

Baker Hughes, Cameron Al Rushaid, Halliburton, SLB and TechnipFMC were awarded the CPAs, one purpose of which is to support Aramco’s vision of developing a world-class supply chain in Saudi Arabia.

Supplier partners agree to establish local facilities, transfer technology, perform local R&D, and develop the local workforce and supply chain, thereby gaining preferred status with Aramco, Aramco joint ventures and affiliates.

To date Aramco has entered into more than 100 CPAs.

11.23.2022