Aramco selects Dar to offer engineering and project management services

Saudi Arabian oil and gas giant Aramco has awarded an engineering and project management agreement to Dar Al-Handasah Consultants (Shair and Partners), a Sidara Company.

Skip to navigation Skip to main content Skip to right column Yahoo Finance Sign in U.S.

markets open in 1h 13m US Markets US Markets Europe Markets Asia Markets Cryptocurrencies Rates Commodities Currencies U.S.

markets open in 1h 13m S&P Futures 7,871.00 +15.25 +0.19% Dow Futures 52,116.00 +181.00 +0.35% Nasdaq Futures 30,783.00 -8.50 -0.03% Russell 2000 Futures 2,808.30 +8.20 +0.29% 10-Yr Bond 5.22 -0.02 -0.44% VIX 15.29 +0.02 +0.13% Gold 4,168.80 -8.50 -0.20% Bitcoin USD 83,707.74 +445.74 +0.54% Crude Oil Nov 26 95.74 +1.60 +1.70% US Private Equity 10,967.34 -1.52 -0.01% ADVERTISEMENT Aramco selects Dar to offer engineering and project management services Offshore Technology · Saudi Arabian Oil Co.

and Dar Al-Handasah Consultants/Business Wire.

GlobalData July 22, 2024 1 min read Saudi Arabian oil and gas giant Aramco has awarded an engineering and project management agreement to Dar Al-Handasah Consultants (Shair and Partners), a Sidara Company.

The contract mandates Dar to deliver a range of consultancy services including engineering, design, project management and multidisciplinary services for Aramco's current and forthcoming infrastructure initiatives.

It stipulates a provision for a period of five years of general engineering and project management services – infrastructure (GESi), with the option to extend for up to three more years.

This agreement extends the previous GESi framework agreement that Dar signed with Aramco in 2019, further strengthening a partnership that has been in place since 1957.

Dar chairman and CEO Talal Shair said: "We are privileged to continue supporting Aramco in achieving its strategic objectives.

We believe the new agreement validates and spotlights our contributions and provides us with an opportunity to continue to bring exceptional value to Aramco, leveraging the best of our expertise and capabilities, and that of all Sidara companies." In recent developments, Aramco awarded two contracts with a combined value of approximately $500m (SR1.88bn) to Saipem last week.

The first project under Saipem's purview involves the engineering, procurement, construction and installation of a 50km crude trunk line for the Abu Safa field.

The second contract awarded to Saipem is aimed at the production maintenance programmes for the Berri and Manifa fields.

Furthermore, Aramco recently agreed to acquire a 50% equity stake in Blue Hydrogen Industrial Gases Company, a subsidiary of Air Products Qudra.

This acquisition aligns with Aramco's strategy to expand its alternative energy solutions and establish a robust lower-carbon hydrogen business.

"Aramco selects Dar to offer engineering and project management services " was originally created and published by Offshore Technology , a GlobalData owned brand.

Skip to navigation Skip to main content Skip to right column Yahoo Finance Sign in U.S.

markets open in 57m US Markets US Markets Europe Markets Asia Markets Cryptocurrencies Rates Commodities Currencies U.S.

markets open in 57m S&P Futures 7,873.25 +17.50 +0.22% Dow Futures 52,131.00 +196.00 +0.38% Nasdaq Futures 30,791.00 -0.50 -0.00% Russell 2000 Futures 2,810.50 +10.40 +0.37% 10-Yr Bond 5.22 0.00 0.00% VIX 15.27 0.00 0.00% Gold 4,176.20 -1.10 -0.03% Bitcoin USD 82,814.26 -447.74 -0.54% Crude Oil Nov 26 95.60 +1.46 +1.55% US Private Equity 10,967.34 -1.52 -0.01% ADVERTISEMENT Aramco selects Dar to offer engineering and project management services Offshore Technology · Saudi Arabian Oil Co.

and Dar Al-Handasah Consultants/Business Wire.

GlobalData July 22, 2024 1 min read Saudi Arabian oil and gas giant Aramco has awarded an engineering and project management agreement to Dar Al-Handasah Consultants (Shair and Partners), a Sidara Company.