GE Oil & Gas (GE O&G) and Al Shaheen Energy Services, a subsidiary of Qatar Petroleum (QP) have announced the signing of two partnership agreements, consolidating PII Pipeline Solutions’ presence in Qatar and the Middle East, and establishing a JV for aftermarket services of turbo machinery equipment in Qatar.
A statement said that the first agreement involves Al Shaheen Energy Services becoming a 50% strategic JV partner in GE O&G’s PII Pipeline Solutions business with immediate effect. GE will maintain operational control of the business and the company name will be PII Pipeline Solutions (an Al Shaheen/GE Oil & Gas Company).
As part of the agreement a dedicated Integrity and Inspection center in Qatar will be opened in Qatar in 2010, to support pipeline solutions in the Middle East.
“The partnership agreement will benefit our entire global customer base through the leveraging of additional strategic resources and improved access to the Middle East,” John Bucci, GM, GE O&G, PII Pipeline Solutions said.
GE O&G and Al Shaheen also signed a 50/50 joint venture agreement to perform aftermarket services for the GE O&G installed fleet in Qatar.
The Al Shaheen/GE Services Company will provide an enlarged range of turbine, compressor and related auxiliary equipment services.
