Posted inNews

O&GME Top 30 Oilfield Services Companies 2017: 21-25

Welcome to the Top 30 Oilfield Services Companies 2017, the inaugural edition of this annual list.

21. Ali & Sons

The Ali & Sons Marine Engineering Factory (ASMEF), the offshore and marine division of Abu Dhabi-based business conglomerate Ali & Sons, has made it to the list by virtue of the laudable work it has been performing for the ADNOC Group, its biggest client, for years now. ASMEF is a diversified facility with activities that range from ship repairs and shipbuilding, rig repairs and refurbishment, to making oil and gas modules and jackets, all the way down to operational maintenance. To its credit, ASMEF has successfully delivered brownfield services to ADCO and ZADCO in the form of e-houses, in addition to providing process modules structures, pipe racks, piping and manpower support.

22. Cretrax

Engineering services company for wellbore clean and abandonment, Coretrax, has been rapidly expanding in the Middle East. The UK-based company has recently moved its Saudi Arabian operations into a bigger 130,000 sqft facility in Dammam. The facility can accommodate up to 150 personnel and  has a warehouse/training complex. The base is one of five for Coretrax in the Middle East, the others located in Abu Dhabi, Dubai, Kuwait and Kurdistan. Speaking of its upstream portfolio, Coretrax’s signature product – the CX-IST – can be deployed from the surface down the work string and inflated to provide a 100% seal between the tool and the casing wall. One of the benefits of this tool is that it gives operators a positive indication that the cement will be set in the correct place.

23. Churchill Drilling Tools

Churchill Drilling Tools is a specialist engineering company, providing advanced drilling solutions for the oil and gas industry. The company’s success hinges on its patented drop-in dart technologies which help control the next generation of downhole tools – taking the industry forward in critical areas such as well control, drifting, mud circulation and stuck-pipe recovery. The company has had particular success in the MENA region. In early 2016, Churchill decided to set up base in the UAE and by October-end, its MENA business had exceeded initial budget by almost 100%. Churchill’s signature product, the HyPR HoleSaver, has had noteworthy success in the Gulf.

24. Glasspoint

If ever a company has achieved admirable success with its very first project, that too in a new region, such a fairy tale-like story has been that of Glasspoint. The US-based company first arrived in the Middle East in 2011 when it was awarded a pilot project with Petroleum Development Oman (PDO). GlassPoint completed the project in Oman on time, on budget and exceeding performance targets. This success led to the $600mn, 1,021 MW solar thermal project, called Miraah, currently being built for PDO in south Oman. On the back of this pioneering, solar power-based enhaced oil recovery project, Glasspoint continues to grow in the region, taking its expertise in this special form of EOR to clients in Kuwait and Bahrain.

25. Flexitallic

Corrosion management specialist Flexitallic has made a mark in the regional oil and gas industry thanks to its advanced sealing systems and gaskets. With a  comprehensive portfolio that includes flagship products like Thermiculite (high temperature sealing material), Corriculite (anti-corrosion sealing material), the FRG (Flange Rescue Gaskets) and the Change gasket, Flexitallic has been helping its oil and gas customers extend the longevity of their assets. With its regional base in Ras Al Khaimah, Flexitallic intends to strengthen its hold on the regional oil and gas market. It has already supplied its products to key upstream projects in the region.

[Coming Up:

The final 5 – rankings 26-30….]

Staff Writer

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and...