Dynamic Industries Saudi Arabia Limited Awarded Major EPCI Project by Saudi Aramco.
Al-Khobar, Saudi Arabia / Houston USA – November 1, 2016 – Dynamic Industries Saudi Arabia Limited, headquartered in Al-Khobar KSA, and Dynamic Industries International LLC, headquartered in Houston TX., announced today that they have been awarded a major offshore project under their Long Term Agreement with Saudi Aramco. The project scope of work includes engineering, procurement, fabrication, transportation, installation, demolition, hook up, testing, and pre-commissioning of various components for offshore oil facilities in the Arabian Gulf.
This 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 Program, Gas Program and other offshore work to be executed in the Arabian Gulf. The LTA was awarded to Dynamic in 2015.
Donnie Sinitiere, General Manager of Dynamic Industries Saudi Arabia, Ltd and EVP & COO of Dynamic Industries International, LLC said “We are honored to receive this project award by Saudi Aramco under our Long Term Agreement. Dynamic spent the last several years working towards this and we now intend to seize the opportunity to demonstrate our capabilities to Saudi Aramco and our commitment to the Kingdom of Saudi Arabia. In anticipation of this award, Dynamic Saudi Arabia has been actively recruiting and training through the Saudi Petroleum Services Polytechnic School a highly skilled and committed Saudi workforce. With this award we will add additional team members to our Khobar based engineering function. Dynamic’s primary goal is to deliver excellence in execution and safety, while maximizing local content and providing employment opportunities for our in-Kingdom workforce. Dynamic will execute nearly every phase of this project in-Kingdom out of Al-Khobar, Saudi Arabia. We look forward to working with the Saudi Aramco team on this important project and becoming a highly valued partner to Saudi Aramco in the decades to come”.
About Dynamic Industries Saudi Arabia
Dynamic Industries Saudi Arabia, (“Dynamic Saudi Arabia”), is majority owned by Dynamic Industries LLC., (“Dynamic International”), a full service offshore EPCI contractor to the global offshore oil and gas industries. In mid-2015, Saudi Aramco awarded Dynamic Saudi Arabia and Dynamic International Long Term Agreement contracts, making the Dynamic team an integral partner in Saudi Aramco’s Offshore Maintain Potential Program and Gas Program. These visionary programs are designed to keep Saudi Aramco in its preeminent position in the global oil markets as well as enhance the supply of energy to the domestic Saudi market. (http://www.dynamicind.com/)
Dynamic Industries Media Contact:
Saudi Arabia
Scott Davis
sdavis@dynamicind.com
+966 55 473 3398
USA
Jeananne Frazier
JFrazier@dynesi.com
+1 (504) 684-1305
