Baker Hughes will undertake the packaging, assembly, testing and servicing of the turbomachinery equipment, further supporting the development of high quality jobs for Saudi professionals and marking the expansion of the existing facilities
The new facility will offer a broader range of capabilities in-country, supporting the full TechnipFMC portfolio with its high technology equipment in the drilling, completion, production and pressure control segments.
The MoU supports Saudi Aramco's In-Kingdom Total Value Add (Iktva) programme, which applies to Saudi Aramco suppliers and drives the localisation of oilfield services and equipment value chain, to strengthen and diversify the Saudi economy.
The engineering, procurement, construction and commissioning (EPCC) scope of work also includes liquid and compression trains and associated infrastructure, as well as brownfield work associated with connecting the Phase 1 and 2 facilities.
The forum promoted an agenda designed to raise the bar with a set of over 140 investment opportunities in localisation valued at over $16bn in several industrial and business sectors across the Saudi Arabian energy sector.