ONLY webinars - visit onlywebinars.com
Advanced Search
Home / News / Local News
Local News
   


Saudi Arabia’s TAQA & AlMansoori Petroleum Services Announces New Agreement To Penetrate The Hydraulic Fracturing Market In KSA
(14 January 2020)
The leading regional oil field services and equipment players are building further strength through collaboration in addressing the challenging & growing Hydraulic Fracturing market.

 

Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced today the signing of an agreement with AlMansoori Petroleum Services (AMPS). The announcement was made at the opening of this year’s International Petroleum Technology Conference (IPTC), taking place for the first time in the Kingdom of Saudi Arabia.

The agreement establishes an alliance between TAQA and UAE-based AlMansoori Petroleum Services to provide high-end fully-integrated fracturing and stimulation solutions, through combination of both companies’ respective expertise and capabilities in geoscience and engineering, well-site management, well testing and flowback, fracturing, stimulation, slickline, coiled tubing and perforation services and equipment, allowing both companies access to the growing hydraulic fracturing market which is forecasted at a value of more than SAR2.0BN in 2020.

Commenting on the new agreements, Khalid M. Nouh, Chief Executive Officer of TAQA, said: “The alliance with a world class OFS company such as Al Mansouri will expand TAQA’s capabilities and allow us access into the integrated stimulation FRAC market of Saudi Aramco, and will provide our customers with world class capabilities from a new supplier.”

Nabil Al Alawi, AlMansoori Petroleum Services CEO commented: “Partnering with TAQA will allow us to extend our offerings into the Hydraulic Fracturing and stimulation market of the Kingdom of Saudi Arabia. As a leading home-grown company in our field founded in the UAE, we are delighted to be working with a national Saudi champion company such as TAQA. We look forward to working together to create triple win: for us, for TAQA, but, most importantly, for Saudi Aramco.”

IPTC is expected to attract thousands of top oil and gas industry professionals from around the world. It is taking place from 13-15 January 2020 at the Dhahran EXPO in Dhahran, Saudi Arabia, under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince, Deputy Prime Minister and Minister of Defence.



We accept Guest Posts

Download the Dubai City Guide iPhone mobile app


DubaiCityGuide.com is owned and managed by Cyber Gear



advertisement info

  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     

 
email print
1957
 
       
       
       
       



News Alerts
News Alerts
Stay ahead with abu dhabi news
dcg mobile
adcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Abu Dhabi Blog
Your space, your voice
sitemap
Sitemap
ADCG at a glance