PR83441

DHAHRAN, Saudi Arabia, March 26, 2020 /PRNewswire=KYODO JBN/ --

- Contract enabled IMI to build capabilities in-Kingdom and further strengthen

its strategic partnership with ARO Drilling.

International Maritime Industries (IMI) announced today the completion of the

ARO-2003 (SAR201) MRO project with ARO Drilling (ARO); a world-class offshore

drilling contractor that owns, operates and manages a fleet of high-specification

and premium jack-up rigs in Saudi Arabia. The ARO-2003 (SAR201) is a "Baker Marine"

designed jack-up rig that is currently working for Saudi Aramco in the Arabian Gulf.

The project was led by IMI at the Dammam Shipyard.

"This successful project completion further strengthens the business

relationship between ARO Drilling, IMI and Dammam Shipyard as well as

contributing to the development of a localized industry. IMI is delighted to

have been able to complete this project for ARO on-time and safely. We look

forward to supporting ARO again in the very near future." Darren Macdonald,

IMI Chief Operating Officer, Zones A & D.

Commenting on the project, Thomas Schlueter, Director of Projects, ARO, said:

"ARO is committed to increasing our presence in the region and we are pleased

to have successfully completed the ARO-2003 (SAR201), on schedule, but most

importantly safely. Awarding this project to IMI enabled us to use local

manufacturing capabilities; to support our fleet refurbishment objectives."

International Maritime Industries, located in The King Salman Complex for

International Maritime Industries & Services at Ras Al-Khair, Saudi Arabia,

will be the largest, fullservice maritime facility in MENA. When building is

complete, the annual capacity of the facility will be four (4) new build

offshore rigs and over 43 new build vessels including VLCCs, in addition to

servicing more than 260 maritime products. Major production operations are

expected to commence toward the end of 2020 with the facility reaching its full

production capacity by 2022. International Maritime Industries is a joint

venture between Saudi Aramco, Lamprell, Bahri and Hyundai Heavy Industries.

Photo - https://mma.prnewswire.com/media/1137717/International_Maritime_Industries.jpg

Source: International Maritime Industries (IMI)