Schlumberger, a Texas-based oilfield services company, recently 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 well completions technologies including liner hangers and packers and isolation 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 is comprised of 105,000 square meters, and will create more than 200 new jobs and develop a highly skilled manufacturing and supply chain workforce for oil and gas products and services.
The official ceremony was hosted by Schlumberger CEO Olivier Le Peuch, Schlumberger EVP Operations Khaled Al Mogharbel and Schlumberger Chief Technology Officer Demosthenis Pafitis in the presence of Saudi Aramco Upstream Senior Vice President Mohammed Al Qahtani and other key stakeholders.
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.
Image credit: Schlumberger