Fluids Drilling, Completion, Workover & Stimulation: News for Oil & Gas and Hydrocarbon Industries  Membership Services Ľ
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Kuwait Drilling Fluids Company occupies 60 percent of Kuwaiti market

Source: KUNA 7/12/2005, Location: Middle East

Share |

Board Director of Kuwait Drilling Fluids and Oil Services Company Abdulaziz Al-Arradi said Monday that the company occupies 60 percent of the Kuwaiti market through joint projects with Kuwait Oil Company (KOC). At a press conference, Al-Arradi said that the company, since its establishing in 1966, has continuous contracts to provide KOC with necessary drilling fluids and supplies.

He added that the company will renew its contract with KOC, which will end this year, noting that the contract is valid for four years and worth KD 32 million.The fluids provided by the company facilitate drilling operations and reduce drilling's negative environmental effects.The Kuwaiti Drilling Fluids and Oil Services Company is a private firm with a 51 percent ownership by Kuwaiti investors and 49 percent ownership by the American company M-I SWACO.

The company owns two factories in Shuaiba industrial area, where it manufactures drilling fluids based on latest technologies provided by M-I SWACO.Director General of the company Majid Al-Qassim said that the company's production of drilling fluids is estimated at 40,000 tons annually, which covers KOC's needs for drilling operations, while the total production capacity of its factories is estimated at 70,000 tons.

He noted that Kuwait was the first company to establish such factory in the gulf 40 years ago, noting that there are only three other factories in the gulf region, two in Saudi Arabia and one in United Arab Emirates.The officials also touched on a new partnership between the drilling company and M-I SWACO to establish environmental oil services, especially with the increasing needs for preserving the environment.

Fluids Drilling, Completion, Workover & Stimulation >>

Fluids Drilling, Completion, Workover & Stimulation News in Kuwait >>

Middle East Oil Supply - August 14
Yemen >>  8/19/2014 - The Middle Eastís oil supply is expected to decrease by 20 tb/d from 2013 to average 1.33 mb/d in 2014, representing a minor upward revision of 10 tb/...
Middle East Oil Demand in August 2014
Saudi Arabia >>  8/12/2014 - In Saudi Arabia, June 2014 oil demand was characterized by continued healthy growth. All product categories increased during the month with the except...

Middle East Oil Supply in July 2014
Bahrain >>  8/6/2014 - Middle Eastern oil production is expected to decrease by 30 tb/d in 2014 to average 1.32 mb/d. The decline is driven by an anticipated supply drop fro...
Aramco Awards US$54 Mln EPC Contract to Essar Projects
Saudi Arabia >>  8/5/2014 - The Hydrocarbon SBU of Essar Projects, a global EPC (engineering, procurement, construction) contractor, has secured its maiden contract from Saudi Ar...


Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Kuwait Oil & Gas 1 >>  2 | 3 |

More News

Oil & Gas Companies in Kuwait >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us