Schlumberger on Feb. 24 announced the opening of a world-class manufacturing center in King Salman Energy Park (SPARK) that supports Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program to promote economic growth.
The center will manufacture various technologies including liner hangers and packers and valve technologies, such as GROVE valves and ORBIT rising stem ball valves, to help improve the efficiency of oil and gas operations in the Kingdom and neighboring countries.
The first phase of the manufacturing center, which comprises 105,000 sq m, will create more than 200 new jobs over the next few years and develop a highly skilled manufacturing and supply chain workforce for oil and gas products and services within the region. This is a demonstration of the Schlumberger alignment with the Kingdom’s 2030 Vision.
The official ceremony was hosted by Schlumberger CEO Olivier Le Peuch, Schlumberger Executive Vice President of Operations Khaled Al Mogharbel and Schlumberger CTO Demosthenis Pafitis in the presence of Saudi Aramco Upstream Senior Vice President Mohammed Al Qahtani and other key stakeholders.
“It is with pride that we announce the inauguration of the Schlumberger Manufacturing Center in King Salman Energy Park. As the first upstream services company to establish a manufacturing center in SPARK, we are enabling an agile fit-for-basin capability that links research, product development and now manufacturing to the needs of the Saudi Arabian market,” Ziad Jeha, president Saudi Arabia & Bahrain, Schlumberger, said.
King Salman Energy Park is being developed to 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.
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