The contract is the second for Lamprell under the Long-Term Agreement Programme (LTA) with Saudi Aramco.
The contract includes the supply and installation of three drilling jackets and two new single well observation jackets/decks, with completion scheduled for 2022.
Christopher McDonald, CEO, Lamprell, said: "We are very honoured to have been awarded a second contract by Saudi Aramco and look forward to delivering the project safely and on time. This is an excellent result for the business and has resulted from many months of dedication and rigour from our bid and proposals team.
"This further serves to reinforce the evolution of our strategy across the oil & gas, renewables and digital sectors. With Saudi Arabia very much part of our oil & gas focus, this award represents a significant success for us."