Aramco selects McDermott for PMC LTA
Analysis based on 11 articles · First reported Jun 03, 2026 · Last updated Jun 04, 2026
The agreement positions McDermott International>>> as a key engineering and project management service provider for Saudi Aramco>>>'s strategic investment programs, potentially boosting its revenue and market share in the energy sector. This collaboration also supports Saudi Arabia>>>'s localization objectives and energy transition goals, which could attract further foreign investment into the country's infrastructure and energy projects.
Saudi Aramco>>> has selected McDermott International>>> as one of 11 contractors for a multi-year Project Management Consultancy (PMC) Long-Term Agreement (LTA). This agreement positions McDermott International>>> as a key engineering and project management service provider for Saudi Aramco>>>'s large-scale energy, downstream, petrochemical, and low-carbon projects across Saudi Arabia>>>. McDermott International>>> will partner with Solutions Leaders Fayez Engineering>>>, a Saudi engineering company, to deliver these services. The collaboration aims to combine McDermott International>>>'s global experience with Solutions Leaders Fayez Engineering>>>'s local capabilities, supporting Saudi Aramco>>>'s localization and In-Kingdom Total Value Add (IKTVA) objectives. Michael McKelvy>>>, McDermott International>>>'s CEO, and Rob Shaul>>>, Senior Vice President of Low Carbon Solutions, emphasized the commitment to localization and Saudi Aramco>>>'s confidence in McDermott International>>>'s capabilities. Ashraf Alkhaznadar>>>, Solutions Leaders Fayez Engineering>>>'s President & CEO, expressed pride in the partnership.
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