Saudi Aramco has awarded over $6 billion in offshore oil and gas contracts so far in 2025, reinforcing its position as the world’s largest oil company. The Aramco contracts underline the firm’s continued commitment to long-term investment and operational growth.
The deals form part of Aramco’s total targeted capital expenditure of $52 billion to $58 billion for 2025. Officials say the offshore contracts offer multiple opportunities for Long-Term Agreement (LTA) contractors and signal robust industry activity.
Aramco has finalised billions of dollars in projects this year, even after canceling several LTA tenders in 2024. The previous cancellations involved the giant Safaniyah oilfield, which faced delays due to the government halting plans to pause expansion of oil production capacity.
Industry experts say the 2025 contracting pace indicates a strong recovery in the LTA market. Analysts note that sustained investment in offshore projects supports both local and international suppliers, boosting economic activity and employment.
The contracts cover exploration, drilling, and production operations, allowing contractors to contribute to some of the most significant offshore developments globally. In addition, these deals align with Aramco’s strategy to strengthen operational efficiency while meeting global energy demand.
Officials highlight that awarding the contracts now ensures timely project execution and reinforces Aramco’s long-term growth plans. Furthermore, it signals confidence in oil markets despite past uncertainties and production adjustments.
Observers argue that these Aramco contracts also benefit the broader energy sector. Increased offshore activity encourages technology transfers, local content development, and strategic partnerships between international and domestic firms.
Looking ahead, Aramco plans to continue leveraging its LTA framework to secure skilled contractors and optimise project delivery. The company remains focused on maintaining production targets while expanding capacity through sustainable offshore investments.
Overall, the $6 billion in Aramco contracts confirms that the firm’s offshore investment strategy remains strong. These deals not only advance energy production goals but also create long-term opportunities for contractors worldwide.
