Aramco welcomes Schlumberger plan to develop manufacturing center

18/12/2017 07:56 AST

Saudi Aramco has welcomed plans by Schlumberger to develop an industrial manufacturing center within the King Salman Energy Park in the Kingdom of Saudi Arabia. The announcement was made at a ground-breaking ceremony at the Park, where Schlumberger will be a key anchor tenant.

The King Salman Energy Park is developed and operated by Saudi Aramco. As program sponsor, Sr. Vice President Upstream Mohammed Al-Qahtani attended the ceremony.

He said: "Schlumberger is the 'first mover' to come onto the King Salman Energy Park, and we extend our warmest welcome. This initiative underlines Saudi Arabia's key position as a regional and global energy industry hub. Significantly, Schlumberger is bringing major manufacturing capacity to the Kingdom, with the potential to develop export markets. This presence will attract additional tenants to the Park, bringing the jobs and investment that are crucial to both Saudi Aramco's iktva development program, and the Kingdom's Vision 2030."

As Schlumberger expands its manufacturing base within the Kingdom, the industrial manufacturing center will be developed over 500,000 square meters on land allocated for energy-related industries. The first phase is planned to be completed in Q2 2018, which will bring Schlumberger land rig manufacturing to the Kingdom of Saudi Arabia.

Paal Kibsgaard, chairman and CEO of Schlumberger, commented: "The new industrial manufacturing center will collocate our upstream and midstream manufacturing in the Kingdom and complements the footprint Schlumberger has built over many years. We believe our commitment puts Schlumberger in a position to attract the best local talent, to grow within the Kingdom, and to export within the region."

The new center will manufacture products for drilling, exploration and production, as well as midstream.

Saudi Aramco is the leading global integrated energy and chemicals company. It is driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world's oil supply to developing new energy technologies, its global team is dedicated to creating impact in all that we do. It focuses on making our resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world.

Saudi Gazette