Gulf Oil and Gas accountACCOUNT

Wellhead Gear to be Made in Saudi Arabia

Source: www.gulfoilandgas.com 8/30/2006, Location: Middle East

Three manufacturing agreements signed July 25 will help increase Saudi business participation in Saudi Aramco operations. Saudi Aramco executed three five-year agreements with global businesses and their local partners for the local manufacture and inventory management of wellhead equipment. The agreements require the material to be manufactured and warehoused by the suppliers at new in-Kingdom facilities and use national labor and service.

Besides helping boost the local economy, the agreements also will enhance the manufacturers' responsiveness to unexpected or fluctuating needs in the company's drilling program. Long lead times will be avoided, and 24-hour emergency requirements can be accommodated.

About 260 wellhead items are expected to be produced locally. The agreements should boost local manufacturing capabilities to the point that Saudi-manufactured materials, in the future, will be exported to Arabian Gulf countries, further boosting the economy.

Some of the manufacturers will use the placement services of the Industrial Colleges to recruit skilled machinists, welders, assemblers, nondestructive testers and laborers. Also, jobs will be created in estimating, plant supervision, sales administration, design, quality management and industrial engineering.

The three agreements were awarded to Wood Group Pressure Control partnering with Hugayet Trading; Cooper Cameron partnering with Al-Rushaid Co. Ltd.; and FMC Energy Systems partnering with the Saudi Commercial Import Corp.

The business model for future local manufacturing will continue to be refined and extended to other commodities, providing Saudi Aramco with a strong manufacturing base for its supply chain requirements.

Geophysical Equipment/Locator & downhole News in Saudi Arabia >>

United Arab Emirates >>  2/18/2020 - Petrofac Emirates has been awarded two contracts, together worth around US$1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab...
Saudi Arabia >>  2/6/2020 - Saipem has been awarded several EPCI contracts in various countries around the world worth over 500 million USD. The first EPCI contract has been awar...

United Arab Emirates >>  2/3/2020 - KBR has been awarded a major Project Management Consultancy (PMC) services contract by Abu Dhabi National Oil Company (ADNOC) for the Ghasha Concessio...

Related Categories: Downhole Completion Equipment  Downhole Drilling Tools  Downhole Survey  Earth Resistivity Meters  General  Line Locators/Electro-Magnetic  Seismic Energy Sources  Seismographs  Sensors  Well Logging  Well Testing Equipment 

Related Articles: Downhole Completion Equipment  Downhole Drilling Tools  Downhole Survey  Earth Resistivity Meters  General  Line Locators/Electro-Magnetic  Seismic Energy Sources  Seismographs  Sensors  Well Logging  Well Testing Equipment 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.