Haihao Group congratulations to COOEC engineering on the successful renewal of the LTA contract with Saudi Aramco

Haihao Group would like to extend our heartfelt congratulations to COOEC Engineering on successfully renewing their Long-Term Agreement (LTA) with Saudi Aramco. This milestone marks a significant achievement in COOEC Engineering’s continued growth and recognition of its international engineering capabilities.

The signing ceremony, held in Dhahran, Saudi Arabia, saw Zhang Haitao, Vice President of COOEC Engineering, and Yahya A. Abu Shal, Senior Vice President of Saudi Aramco’s upstream project management, come together to sign the LTA renewal agreement. This renewal not only strengthens the partnership between COOEC Engineering and Saudi Aramco but also signals a promising future for business development in the Middle East region.

COOEC engineering on the successful renewal of the LTA contract with Saudi Aramco

Since the initiation of the LTA renewal process, COOEC Engineering formed a dedicated task force to thoroughly analyze the differences between ongoing projects and the original LTA contract. The team worked diligently to identify potential risks, negotiate with the client, and successfully complete the renewal process with high efficiency and quality.

The LTA is a key agreement between Saudi Aramco and its partners, and COOEC Engineering’s participation in this contract renewal represents a crucial step forward. In 2018, COOEC Engineering became the only Chinese company shortlisted for the Saudi Aramco offshore LTA, marking a significant entry into the Saudi market.

This renewal is not just a success for COOEC Engineering but also a solid step toward strengthening their position as one of the leading international engineering contractors. It highlights COOEC’s success in meeting the stringent technical, resource, and project execution standards set by Saudi Aramco, and sets the stage for further market development in the region.

Looking ahead, COOEC Engineering will leverage this success to accelerate the development of its Saudi Aramco market and increase its share of the global market. Their continued success in the Middle East will contribute to energy development in countries and regions along the Belt and Road Initiative, providing “Chinese solutions” to meet global energy needs.As a strategic reserve supplier of COOEC, Haihao Group looks forward to the two sides continuing to strengthen cooperation in the future and jointly promote the construction of the Middle East. Email:sales@haihaogroup.com