The increase in contract value is primarily attributed to Saudi Aramco’s 34 engineering, procurement and construction (EPC) related contracts (worth over US$18 billion) for projects such as the Marjan and Berri field incremental development programme in Saudi Arabia, alongside ADNOC’s US$3.6 billion contract for the supply of 1 million t of casing and tubing to support exploration and production activity in UAE. The reported contract value is comparable to the previous quarter, which recorded US$45.5 billion in value – despite there being a slight decline in the number of contracts from 1528 in 2Q19 to 1386 in 3Q19.
Lydia Woellwarth
Editor
Lydia graduated from the University of Leeds with a BSc Geography degree in 2016 and then travelled extensively across the US and southern Asia. She joined Palladian Publications in February 2018 and is now Editor for LNG Industry, Dry Bulk and Energy Global.
Outside of work, Lydia enjoys photography, wild camping and reading.
