Gulf Oil and Gas accountACCOUNT

Hitachi Signed Compressors Deal with Saudi Aramco

Source: 6/22/2011, Location: Middle East

Hitachi Plant Technologies, Ltd. has entered a Corporate Procurement Agreement (CPA) with Saudi Arabian Oil Company, the national oil company of the Kingdom of Saudi Arabia, to supply compressors and services for oil and gas plants.

Hitachi Plant Technologies will also become the fourth company to enter an agreement with Saudi Aramco as a compressor manufacturer, and the first Japanese manufacturer to do so.

The Agreement specifies basic terms and conditions to simplify and standardize the contract process when purchasing compressors, and other agreement terms regarding participation of Hitachi Plant Technologies in projects ranging from the basic planning stage of new projects to the development of new compressor technologies. Through this agreement, Hitachi Plant Technologies achieves a stronger business relationship with Saudi Aramco, and expects to increase orders through new compressor design and new demand. It also expects to enhance the compressor technology standards by participating in new technology development projects.

In addition, Hitachi Plant Technologies is studying the establishment of after service locations to service and maintain compressors in Saudi Arabia in FY2011 with a field study started in March 2011. As a result, Hitachi Plant Technologies is looking to expand its maintenance business for compressors shipped to Saudi Aramco through after-service locations soon to be established in Saudi Arabia that will be developed into a future regional manufacturing facility. Furthermore, Hitachi Plant Technologies plans to develop compressor business opportunities with other GCC*1 countries.

Hitachi Plant Technologies plans to increase its compressor business for oil and gas plants aggressively, mainly in the Middle East, Asia, and South America, where future demand lies, and to achieve revenues of 60 billion yen by FY2015. Hitachi Plant Technologies also plans to accelerate its community-based global development through joint ventures with customers and partners, expansion of its service business through product lifecycles, and by handling the outsourcing of the maintenance business.

Compressors >>

Compressors News in Saudi Arabia >>

Saudi Arabia >>  8/22/2019 - Consortium of L&T Hydrocarbon Engineering Limited (LTHE) and EMAS AMC PTE Ltd. (A Subsea7 Company) has been awarded a project by Saudi Aramco. This ...
United Arab Emirates >>  8/21/2019 - Aker Solutions has won an order from ADNOC (Abu Dhabi National Oil Company) to deliver subsea umbilicals for the Dalma gas development project located...

United Arab Emirates >>  8/21/2019 - The Abu Dhabi National Oil Company (ADNOC) announced the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives...
Qatar >>  8/15/2019 - Seadrill Limited (Seadrill) refers to the announcements made on May 1, 2019 in connection with the award of drilling contracts by Qatar Petroleum to ...

Oman >>  7/31/2019 - BP and Eni have signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Ministry of Oil and Gas of the Sul...
United Arab Emirates >>  7/31/2019 - OMV, the international integrated oil and gas company based in Vienna, and ADNOC, the Abu Dhabi National Oil Company, closed the strategic equity part...

Related Categories: Compressors, Air  Compressors, Cylinders  Compressors, Gas  Compressors, Parts  General 

Related Articles: Compressors, Air  Compressors, Cylinders  Compressors, Gas  Compressors, Parts  General 

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

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