Sparrows Group has doubled the size of its operations in the United Arab Emirates (UAE) after securing contracts worth in excess of £55 million (US$ 70 million) in the past three months, it said on Nov. 5. The award have resulted in over 150 new positions being created in the region and includes scopes that accelerates the company’s expansion in the drilling sector.
Included in this recent round of wins is a significant five-year award with a major E&P business as well as two large drilling equipment support contracts.
Work on the five-year fully integrated mechanical lifting equipment management project has already commenced. It will see Sparrows deliver operation and maintenance of existing pedestal cranes and overhead cranes, static lifting equipment, lifeboat davits, loose lifting equipment and mechanical handling equipment will also be encompassed as part of the contract.
The first of two major contracts for drilling equipment services in the region will see the company deliver full overhaul and recertification of nine catwalk units and eight mast cranes. The second project is for the inspection, repair and recertification of a top drive and pipe handler. The work for both contracts will be undertaken in Sparrows’ workshop facilities in Abu Dhabi.
The company, which has been active in the UAE for more than 20 years, currently employs 200 people in the area. This includes 60 new personnel already brought into the business this year to support continued business growth.
Recommended Reading
Deep Well Services, CNX Launch JV AutoSep Technologies
2024-04-25 - AutoSep Technologies, a joint venture between Deep Well Services and CNX Resources, will provide automated conventional flowback operations to the oil and gas industry.
EQT Sees Clear Path to $5B in Potential Divestments
2024-04-24 - EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers as the company looks to shed debt for its Equitrans Midstream acquisition.
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
2024-04-24 - Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.
TotalEnergies, Vanguard Renewables Form RNG JV in US
2024-04-24 - Total Energies and Vanguard Renewable’s equally owned joint venture initially aims to advance 10 RNG projects into construction during the next 12 months.
Ithaca Energy to Buy Eni's UK Assets in $938MM North Sea Deal
2024-04-23 - Eni, one of Italy's biggest energy companies, will transfer its U.K. business in exchange for 38.5% of Ithaca's share capital, while the existing Ithaca Energy shareholders will own the remaining 61.5% of the combined group.