Gulf Oil and Gas accountACCOUNT

Foster and SOFCON to Form Joint Venture in SA

Source: www.gulfoilandgas.com 2/2/2010, Location: Middle East

Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group has signed a Joint Venture Agreement to form a jointly owned Saudi Arabian entity with A. Al-Saihati, A. Fattani and O. Al-Othman Consulting Engineering Company (SOFCON) in the Kingdom of Saudi Arabia. The terms of the agreement were not disclosed.

The new entity, Foster Wheeler SOFCON Consulting Engineering Company, is planned as a regional engineering hub and will be based in the city of Al-Khobar in the Kingdom of Saudi Arabia. Foster Wheeler SOFCON will focus on providing full-service engineering and project management services for onshore/offshore oil and gas, refining, petrochemicals and associated infrastructure projects in Saudi Arabia.

"Foster Wheeler and SOFCON have a long and outstanding record of successful cooperation in project execution in Saudi Arabia. The formation of this new company demonstrates the ongoing commitment of our two companies in working together to deliver successful projects in Saudi Arabia and the provision of high quality services and expertise from a local base," said Umberto della Sala, president and chief operating officer, Foster Wheeler AG.

"It is our goal to make Foster Wheeler SOFCON the leading full-service engineering and project management provider in Saudi Arabia, delivering professional and competitive services in front-end engineering, detailed engineering, procurement, construction and project management. The new entity will bring an enhanced value proposition in the development of the local economy and capabilities," said Ala'a Fattani, president and chief executive officer, SOFCON.

Engineering News in Saudi Arabia >>

Oman >>  2/18/2019 - Global drilling and engineering contractor KCA Deutag (“KCAD”) announces that its land drilling operation has won new contracts and contract extension...
Qatar >>  2/18/2019 - Baker Hughes, a GE company, the world’s first fullstream oil and gas company, has signed a Memorandum of Understanding (MoU) with Qatar Petroleum (QP)...

Saudi Arabia >>  2/15/2019 - Saudi Aramco and National Oilwell Varco Incorporated (NOV) recently held the first Arabian Rig Manufacturing (ARM) Board of Managers meeting. ARM is a...
United Arab Emirates >>  2/2/2019 - The Abu Dhabi National Oil Company (ADNOC) signed an agreement, awarding an onshore block – known as Onshore Block 3 – to US based international oil a...

United Arab Emirates >>  1/27/2019 - The Abu Dhabi National Oil Company (ADNOC) signed two new strategic equity partnerships with Eni and OMV covering both ADNOC Refining and a new tradin...

Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.