US contractor McDermott is set to take the lion’s share of the spoils as Saudi Aramco prepares to award as many as four major offshore contracts this month, that together are expected to be worth well over $1 billion.
Sources told Upstream that the Saudi Arabian state oil giant, which has long signalled its desire to keep on investing though the industry down cycle, is expected to award the offshore contracts to three of its existing long-term agreement contractors, with McDermott, India’s Larsen & Toubro and Dynamic Industries of the US all expected to win work.
However,
