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BHGE Signs MOU in Support of Qatar Petroleum’s Tawteen Program

Source: www.gulfoilandgas.com 2/18/2019, Location: Middle East

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) to unlock new opportunities to expand its presence in the country and to support Qatar Petroleum’s Tawteen Program.

Today’s agreement confirms BHGE’s ongoing commitment to Qatar and to enhancing its industry-leading operations in the country through continued investment in technologies and services over the coming years. The MoU, which supports QP’s Tawteen Program, unlocks opportunities for BHGE to build on its strong relationship with QP to share expertise and best practices, and will help strengthen the oil and gas supply chain in Qatar and boost the skills of Qatari talent for the industry.

Lorenzo Simonelli, chairman and CEO of BHGE, said: “As a long-term partner in Qatar and to QP, we are committed to helping support and drive continued growth of its oil and gas sector. Today’s agreements will strengthen our relationship and expand our presence in Qatar. Our efforts will help create a vibrant local supply chain, and help to bring the best technologies and talent together in support of building a strong oil and gas ecosystem in Qatar.”

HE Saad bin Sherida Al Kaabi, Minister of State for Energy Affairs, Qatar Petroleum's Vice Chairman, and President & CEO, said: "The Tawteen Program contributes to the development of the current approach of purchasing goods and services by creating more opportunities for local companies. The implementation of the Tawteen initiative will help develop local talent and expertise as well as introduce new technologies, services and products in Qatar. As a leading provider of exploration, extraction and refining technologies and services, BHGE is an ideal choice to support our local value add program.”

With three workshops and an R&D Center in Qatar, BHGE already has a strong presence locally. BHGE is working with several leading energy sector operators and has established itself as the largest single liner-hanger provider in the country. Through the partnership, BHGE will continue to invest in its Oilfield Equipment, Oilfield Services, Turbomachinery & Process Solutions and Measurement & Control facilities in the country to boost local manufacturing, maintenance, condition monitoring and recertification capabilities, while its BHGE Digital business will introduce the latest Artificial Intelligence technologies to support the local market.

To support local talent, the BHGE Oil & Gas University program will help to develop the skills of the Qatari workforce, providing participants with managerial and technical training.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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