Gulf Oil and Gas accountACCOUNT

EnerMech & AFG Sign JV Agreement to Support Operations in SA

Source: www.gulfoilandgas.com 12/1/2014, Location: Middle East

International mechanical services group, EnerMech, has announced that it has signed a joint venture agreement with Abdulla Fouad Group (AFG) to support the growth of its operations in Saudi Arabia.

This arrangement follows AFG’s acquisition of Shoabi Group’s oil and gas agencies, joint ventures and facilities which was announced in October.

Based in Al Khobar, EnerMech’s Saudi Arabian operation provides crane, hydraulics, valves, process, pipelines and umbilicals (PPU), lifting and inspection services, equipment rental and specialist training to the Saudi Arabian energy sector.

Headquartered in the UK, EnerMech employs 2400 staff and has a presence in 20 countries, covering all the major international oil and gas producing hubs. Annual turnover is projected to be in excess of £260 million ($408 million) for 2014.

AFG will facilitate EnerMech’s Saudi Arabian operations and provide essential technical support and marketing services under the agreement.

AFG CEO, Zahid Khawaja said: “This agreement further strengthens our footprint in the oil and gas sector and we are delighted to collaborate with EnerMech and jointly develop the business in Saudi Arabia. By leveraging our combined strengths and creating a common platform to pool our expertise, the venture is bound to be successful.”

EnerMech Chief Executive Officer, Doug Duguid, said: “We have been operating in Saudi Arabia for more than two years and our partnership with AFG is an important step forward in allowing us to utilise our full potential in this important energy region.”

Bob Lee, General Manager of EnerMech’s Saudi Arabian operations, said: “This important joint venture agreement will give us access to a customer base and excellent opportunities which will fast forward EnerMech’s growth in Saudi Arabia and neighbouring countries. We have people and equipment in-country and are looking forward to growing our business in the region alongside our new partner.”

EnerMech already enjoys a strong presence in the Middle East with operational bases in Abu Dhabi, Qatar and Ras al Khaimah.

Oil & Gas Companies News in Saudi Arabia >>

Saudi Arabia >>  4/21/2019 - The Saudi Arabian Oil Company (Saudi Aramco) is to acquire Shell Saudi Arabia Refining Limited’s (Shell) 50% share of the SASREF joint venture in Juba...
United Arab Emirates >>  4/18/2019 - Eni has signed an Exploration and Production Sharing Agreement covering Block A Offshore Ras Al Khaimah, as well as the relevant Joint Operating Agree...

Qatar >>  4/16/2019 - Qatargas Operating Company Limited (Qatargas), acting on behalf of Qatar Petroleum, and BASF SE have signed a technology license agreement for the Nor...
Saudi Arabia >>  4/15/2019 - The Saudi Arabian Oil Company (Saudi Aramco) and Hyundai Heavy Industries Holdings today announced that they have reached an agreement for Saudi Aramc...

Qatar >>  4/12/2019 - McDermott International, Inc. (MDR) announced a large* contract award from Qatargas for engineering, procurement, construction and installation (EPCI)...
Saudi Arabia >>  4/5/2019 - McDermott International has signed a Joint Venture Agreement with Zamil Offshore to target the Maintenance, Modifications and Operations (MMO) market ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


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.