Gulf Oil and Gas accountACCOUNT

TechnipFMC Opens New Facility to Support Middle East Market

Source: www.gulfoilandgas.com 12/11/2017, Location: Middle East

Share |
TechnipFMC officially opened its fully capable Surface International Facility in ICAD II as part of its continued investment in the UAE to reinforce TechnipFMC’s leading position in delivering local solutions that extend asset life and improve returns for ADNOC.

The opening of the 18,000 m2 facility, located in Abu Dhabi’s Industrial City 2, was officiated by Doug Pferdehirt, Chief Executive Officer of TechnipFMC. It is the largest and most complete facility in the Middle East, consolidating an existing facility in Abu Dhabi and complementing an engineering office in Abu Dhabi and a strategic distribution hub in the Jebel Ali free zone.

The new plant, valued at an excess of USD 25 million, is part of a program to strengthen TechnipFMC capabilities in the Surface International business, but also provides a very solid platform for TechnipFMC to be able to grow its integrated offerings into the Middle East, including multiple product lines and aftermarket services that are key to the strategy.

“This investment will enable us to increase our support of Abu Dhabi National Oil Company (ADNOC) and other customers taking on logistical services and in fully refurbishing used equipment in-country, managing all critical processes in-house. The launch of this ICAD Facility is not only an important milestone in enhancing our scope, but it also positions us to respond to the expected increase in ADNOC activity in 2018 and beyond,” said Richard Alabaster, TechnipFMC’s President Surface.

The new facility will offer a broader range of capabilities in-country, supporting the full TechnipFMC portfolio with its high technology equipment in the Drilling, Completion, Production and Pressure Control segments. The facility includes a fully developed training centre, high-pressure hydraulic and gas testing capabilities, state of the art cladding and machining technology and one-stop shop for customer equipment storage, preservation, preparation and make-up for mobilization to the field.

“The facility will provide employment for 140 employees and is also designed to allow for extensions to further expand capabilities in the future. Currently we have built out 40 percent of the site,” added Richard Alabaster.

Surface International is a business unit within TechnipFMC’s Surface Technologies segment and supplies surface wellhead and tree systems, chokes and pressure control equipment, separation systems and production packages to the drilling, completion, and production segments, both onshore and offshore. Its UAE operation has committed itself to a broad scope of products and services, through local capability.

Investment News in United Arab Emirates >>

Cuba >>  10/8/2018 - Melbana Energy has signed a non-binding Letter of Intent (LOI) with Anhui Guangda Mining Investment ('AGMI') with respect to its Block 9 Production Sh...
Norway >>  10/8/2018 - Equinor has reduced the estimated investments for operated projects in the development phase on the Norwegian continental shelf by some NOK 30 billion...

Canada >>  10/2/2018 - Shell Canada Energy, an affiliate of Royal Dutch Shell plc, has taken a final investment decision (FID) on LNG Canada, a major liquified natural gas (...
Pakistan >>  9/29/2018 - Qatar Petroleum President and CEO Saad Sherida Al-Kaabi held talks in Islamabad with H.E. Mr. Imran Khan, the Prime Minister of the Islamic Republic o...

United States >>  9/25/2018 - Bayport Polymers, LLC a 50/50 joint venture owned by Total S.A. (“Total”) and Novealis Holdings LLC, itself a joint venture of Borealis AG (“Borealis”...
Iran >>  4/20/2015 - Two British companies are gathering information about how to invest in Iran, managing-director of Iran Industries Investment Company said. ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United Arab Emirates Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |

More News

 

Oil & Gas Companies in United Arab Emirates >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.