Schlumberger to set up new plant in Saudi Arabia
New manufacturing plant will be spread across a 500,000 square metre area of land allocated for energy-related industries
Schlumberger, a global oil services company, has joined hands with Saudi Aramco to develop an industrial manufacturing centre within the King Salman Energy Park in Dhahran, Saudi Arabia.
The new manufacturing plant, which has already broken ground, will be spread across a 500,000m2 area of land allocated for energy-related industries.
The new unit will manufacture products for drilling, exploration and production, as well as midstream, according to Schlumberger,
Saudi Aramco senior vice-president (Upstream) Mohammed Al Qahtani said: “Schlumberger is the ‘first mover’ to come onto the King Salman Energy Park.
“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,” he was quoted stating on TradeNews Arabia.
The first phase of the facility will be completed in the second quarter of 2018, which will bring Schlumberger land rig manufacturing to the kingdom.
Schlumberger chairman and CEO Paal Kibsgaard said: “The new industrial manufacturing centre will collocate our upstream and midstream manufacturing in the kingdom and complements the footprint Schlumberger has built over many years.”