Saudi Aramco has initiated the chase for a prized offshore maintenance contract that involves the further development of its Qatif offshore field, as the state-owned giant this year aims to increase spending on its key brownfield developments.
The offshore project has been offered as a part of the kingdom’s lucrative long-term agreement (LTA) with international offshore contractors, which envisages maintaining the production profile of Saudi Arabia’s largest offshore fields.
Multiple LTA projects are at the tender stage, with Aramco expected to finalise brownfield contracts worth $1.5
