Schlumberger Inaugurates Second Manufacturing Center in King Salman Energy Park

Source: www.gulfoilandgas.com 2/3/2022, Location: Middle East

Schlumberger recently announced the inauguration of its latest manufacturing center in King Salman Energy Park (SPARK), supporting Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program to promote economic growth. The center is the first of its kind for Schlumberger in Saudi as it will support both the midstream and downstream markets in the Kingdom and neighboring countries.

The center will manufacture Cameron isolation valve technologies, including GROVE valves and ORBIT rising stem ball valves, to help improve the efficiency of oil and gas operations in the region. Comprising almost 3,000 square meters, the facility demonstrates Schlumberger’s commitment to sustainability through localization, empowering local teams who understand the local environment and giving them a technology portfolio with regional agility to address local operational and commercial needs, while at the same time creating opportunity in the value chain and, ultimately, contributing to regional energy access in alignment with the Kingdom’s 2030 Vision.

The official ceremony was hosted by Schlumberger CEO Olivier Le Peuch, Schlumberger Executive Vice President – Geographies Khaled Al Mogharbel, and Schlumberger Managing Director Saudi Arabia & Bahrain Ziad Jeha, in the presence of Saudi Aramco Senior Vice President of Technical Services Ahmad Al-Sa’adi and other key stakeholders.

“We are proud to inaugurate this manufacturing center—the second such manufacturing center to be opened by Schlumberger in King Salman Energy Park. As we celebrate 80 years of presence in the Kingdom, we continue our localization journey in support of the Kingdom’s 2030 Vision, delivering an agile, fit-for-basin capability that links research, product development, and manufacturing to meet the needs of the Saudi Arabian market,” said Ziad Jeha, managing director, Schlumberger Saudi Arabia & Bahrain.

King Salman Energy Park is continuing to develop and capture the full economic value from energy-related goods and services in Saudi Arabia and throughout the region—localizing value creation through dedicated industrial development as part of the Kingdom’s Vision 2030. Read more about local content initiatives at Schlumberger in the company's Global Stewardship report.


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