The investment in Madinah supports Perma-Pipe’s growth plans and Saudi Arabia’s 2030 vision. (Source: Shutterstock/ Perma-Pipe)
Perma-Pipe International Holdings Inc. has been awarded $10 million’s worth of new contracts in Saudi Arabia, most of which will be delivered in the third quarter.
The contracts, involving Perma-Pipe’s fabrication and coating capabilities, will aid in the infrastructure development projects of Riyadh, Madinah and Mekkah in Saudi Arabia.
Perma-Pipe’s XTRU-THERM insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing, will also be employed in the projects.
Some of the projects will go towards the development of a new facility in Madinah. The facility’s operations are planned to begin in August.
“The new expansion in Madinah has long been on our radar,” Saleh Sagr, senior vice president for Perma-Pipe’s MENA region, said in Perma-Pipe’s press release. “It is a clear statement of our commitment to support the local industry in the Kingdom of Saudi Arabia.”
The investment in Madinah supports Perma-Pipe’s growth plans and Saudi Arabia’s 2030 vision,
David Mansfield, Perma-Pipe’s president and CEO, added.
Recommended Reading
VTX Energy Quickly Ramps to 42,000 bbl/d in Southern Delaware Basin
2024-09-24 - VTX Energy’s founder was previously among the leadership that built and sold an adjacent southern Delaware operator, Brigham Resources, for $2.6 billion.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
2024-10-04 - The oil and gas rig count fell by two to 585 in the week to Oct. 4.
EY: How AI Can Transform Subsurface Operations
2024-10-10 - The inherent complexity of subsurface data and the need to make swift decisions demands a tailored approach.
Bowman Consulting to Manage, Monitor Delaware Basin Wells
2024-10-14 - Bowman Consulting Group’s scope of work includes conducting detailed field surveys of above-ground infrastructure assets across well sites of up to to 8 acres.
E&P Highlights: Oct. 7, 2024
2024-10-07 - Here’s a roundup of the latest E&P headlines, including a major announcement from BP and large contracts in the Middle East.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.