Saudi Aramco has extended the deadline to 6 June for companies to submit bids to join its pool of offshore contractors.
The previous deadlines were in May and April.
Aramco is understood to have invited eight firms to bid to join its pool of offshore engineering contractors with long-term agreements (LTA). Aramco is expected to award the new LTAs in August.
Five firms already have LTAs to exclusively bid for Aramco’s offshore work.
It is understood that the new LTAs will expand the pool of contractors and not renew existing LTA contracts due to expire in 2021.
The five present LTA firms are said to have full order books, and there is concern they could struggle to complete the assigned works on time and on budget, prompting Aramco to seek to expand the club.
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