Lamprell has been awarded an engineering, procurement, construction and installation (EPCI) contract on Feb. 24 by Saudi Aramco as part of their long-term agreement program (LTA) with Lamprell.
Works on this large contract consists of two offshore production deck modules and associated pipeline and subsea cables in Saudi Aramco’s Marjan Field.
The Marjan Field is located in the Arabian Gulf, off Saudi Arabia’s East Coast and is one of the largest oil and gas fields in the region.
“We are delighted to have received our first LTA contract award since joining the program in 2018,” Christopher McDonald, CEO of Lamprell, said. “Our team has been working closely with Saudi Aramco over the past few months and we look forward to strengthening our partnership through this project. Marjan is a strategic asset of global significance and we are honored to play a role in its development. The award reinforces our commitment to our strategy and we look forward to working on further opportunities in the region.”
Argos is set to become BP’s fifth operated platform in the GoM and the first new platform since Thunder Horse began production in 2008, the company said.
The biggest increase is set to come from the Permian Basin, where oil output is expected to reach its highest since April 2020, the EIA said in a monthly forecast.
The largest change to the U.S. rig count in the last week was in the Anadarko Basin, where six rigs were added—all additions came from previously inactive companies firing up a rig.