Siemens Energy signs long-term service contract with Saudi Aramco

31 Mar 2021
Siemens Energy signs long-term service contract with Saudi Aramco

Germany’s Siemens Energy has signed a long-term service agreement (LTSA) with Saudi Aramco which covers a range of turbines and generators at four major oil fields

Germany’s Siemens Energy has signed a long-term service agreement (LTSA) with Saudi Aramco which covers a range of turbines and generators at four major oil fields.

Under the 15-year contract, Siemens Energy will provide extended service support and comprehensive warranties and provide necessary resources and materials required for any emergencies.

“Siemens Energy is a strategic partner and a trusted service provider, that can ensure reliable power supply at these major oil fields, helping improve operational excellence and continuously enhancing the performance of our strategic assets,” Mohammad Al-Shammary, Aramco VP of Procurement and Supply Chain Management, was quoted in a press release about the LTSA signing.

Siemens Energy’s activities will meet the requirements outlined in the In-Kingdom Total Value Add Program (IKTVA), which was created by Aramco to baseline, measure, and support increased levels of localisation.

“Siemens Energy is dedicated to providing and ensuring stable, efficient and resilient power supply to Aramco, while delivering value beyond the scope of the contract, by contributing to the local economy and developing the skills and employability of Saudi nationals,” said Mahmoud Sulaimani, Managing Director of Siemens Energy Saudi Arabia. 

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