Saudi Aramco has welcomed plans by Schlumberger to develop an industrial manufacturing centre within the King Salman Energy Park in the Kingdom of Saudi Arabia.
The announcement was made at a ground-breaking ceremony at the Park, where Schlumberger will be a key anchor tenant.
The King Salman Energy Park is developed and operated by Saudi Aramco. As the programme sponsor, Mohammed Al-Qahtani, senior vice president, upstream, Saudi Aramco, attended the ceremony. Al-Qahtani said: “Schlumberger is the ‘first mover’ to come onto the King Salman Energy Park, and we extend our warmest welcome. This initiative underlines Saudi Arabia’s key position as a regional and global energy industry hub.”
“Significantly, Schlumberger is bringing major manufacturing capacity to the Kingdom, with the potential to develop export markets. This presence will attract additional tenants to the Park, bringing the jobs and investment that are crucial to both Saudi Aramco’s Iktva development programme, and the Kingdom’s Vision 2030,” added Al-Qahtani.
As Schlumberger expands its manufacturing base within the Kingdom, the industrial manufacturing centre will be developed over 500,000 square metres on land allocated for energy-related industries. The first phase is planned to be completed in Q2-2018, which will bring Schlumberger land rig manufacturing to the Kingdom of Saudi Arabia.
Paal Kibsgaard, chairman and CEO, Schlumberger, commented: “The new industrial manufacturing centre will collocate our upstream and midstream manufacturing in the Kingdom and complements the footprint Schlumberger has built over many years. We believe our commitment puts Schlumberger in a position to attract the best local talent, to grow within the Kingdom, and to export within the region.”
The new centre will manufacture products for drilling, exploration and production, as well as midstream.
