BAKU, Azerbaijan, Feb.24
By Leman Zeynalova - Trend:
Schlumberger has 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, Trend reports citing the company.
Reportedly, 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, which comprises 105,000 square meters, will create more than 200 new jobs over the next few years and develop a highly skilled manufacturing and supply chain workforce for oil and gas products and services within the region. This is a demonstration of the Schlumberger alignment with the Kingdom’s 2030 Vision,” reads the message.
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.
Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry.