The fixed lumpsum contract, which is estimated to be around $50 million, encompasses the engineering, procurement and fabrication of four ammonia tanks and nine CB&I storage tanks, said a statement from McDermott International.
Work on the contract is expected to begin immediately and will predominantly be executed from Saudi Arabia utilising McDermott's local capabilities and facilities, it stated.
The contract will be reflected in McDermott's fourth quarter 2018 backlog, it added.
"CB&I Storage Tanks consistently deliver innovative storage solutions for clients such as Daelim," said Linh Austin, the senior VP for Middle East and North Africa.
"CB&I Storage Tanks' unparalleled technical competency combined with our extensive experience in Saudi Arabia uniquely positions us to deliver this project," he added.
Source Link: www.tradearabia.com