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BHGE to Build Oilfield Services Facility to Serve Saudi Aramco and the Region

Source: www.gulfoilandgas.com 12/11/2018, Location: Middle East

Baker Hughes, a GE company announced plans to build a state-of-the-art oilfield services (OFS) facility in King Salman Energy Park (SPARK), underlining its commitment to the Kingdom of Saudi Arabia. The new facility will support ongoing customer activities for three OFS product lines—drilling services, wireline services and pressure pumping - ensuring high-quality service delivery and positioning BHGE for future growth in the region.

The SPARK facility will help to support projects and future growth with Saudi Aramco, and further contribute to the In-Kingdom Total Value Add (IKTVA) program through partnerships with local suppliers and other businesses. Work has already begun on the first phase of the facility, which is expected to open at the end of 2019. The facility will reach full capacity by 2021/22 and is envisioned to be a large facility and distribution center with specialized training capabilities.

Mohammed Y. Al Qahtani, senior vice president of Upstream at Saudi Aramco, said: “Developing in-Kingdom competencies that will strengthen the pillars of Saudi Vision 2030 and support a robust oil and energy supply chain is a top priority for Saudi Aramco. We encourage investments in localized infrastructure that will support our operational processes and also contribute to in-Kingdom total value creation. BHGE’s new oilfield services facility is a significant step in this direction, which not only meets our operational needs but will also contribute to the larger Saudi economy through exports and job creation.”

Lorenzo Simonelli, chairman and CEO of BHGE, said: “We have been partnering in the Kingdom to support oil and gas growth since 1938. This new facility will help build a new ecosystem for oilfield services within SPARK and support our commitments to invest in innovation, supply chain growth and training of new talent.”

The new BHGE facility will be an operational and service support center, complementing the founding objective of SPARK to serve as a global hub for energy-related manufacturing services. SPARK offers a comprehensive ecosystem with world-class infrastructure, logistics and a dry port, shared services, a commercial and residential area and highly specialized training centers.

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