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Dynamic Industries Saudi Arabia Limited, (Dynamic) Awarded Project to Replace ESD System Safaniyah Offshore Platforms by Saudi Aramco
Al-Khobar, Saudi Arabia / Houston, USA – June 18, 2017 – Dynamic Industries Saudi Arabia Limited, (“Dynamic”) has been awarded a major Saudi Aramco offshore project under Dynamic’s Long-term Agreement with Saudi Aramco. The scope of work includes fabrication and installation of new hydraulic Emergency Shut Down systems on 26 separate offshore platforms in Aramco’s (and the world’s) most prolific offshore field, Safaniyah. Dynamic’s innovative Project Execution Strategy allows for a minimum of field shutdown time and lost production.
This latest project was awarded by Aramco under the long term agreement (“LTA”) that Dynamic has with Saudi Aramco. The LTA is a 6- year framing agreement with options for an additional 6 years, and gives Dynamic and a select number of other LTA recipients the exclusive right to bid on certain offshore projects for Aramco. Dynamic anticipates the execution of multiple EPCI projects to support Saudi Aramco’s Offshore Maintain Potential [...]