Saudi Aramco, the world’s largest oil exporter, has awarded a trio of offshore engineering, procurement, construction and installation (EPCI) contracts to a leading international consortium — continuing investments in its long term agreement (LTA) framework.

The Saudi state giant is pumping in billions of dollars to maintain the production profile of some of the largest offshore oilfields in the kingdom, whilst also spending aggressively on big-ticket greenfield developments to swiftly scale up its oil production capacity.

Aramco has highlighted its intent to swiftly scale up its sustainable oil production capacity to 13 million barrels per day by 2027, from the current 12 million bpd capacity.