Shoaibi Group and EnerMech sign joint venture to offer mechanical engineering services solutions in Saudi Arabia
International mechanical engineering group, EnerMech, has signed a joint venture agreement with Saudi based Shoaibi Group to form EnerMech Saudi Arabia Limited (EnerMech S.A. Ltd).
Based in Al Khobar, Saudi Arabia, EnerMech S.A. Ltd will provided crane, hydraulics, valves, process, pipelines and umbilicals (PPU), lifting and inspection services, equipment rental and specialist training to the Saudi Arabian energy sector.
EnerMech is UK based and has a presence in 20 countries, covering all the major international oil and gas producing hubs.
Shoaibi Group will facilitate EnerMech S.A. Ltd’s operations and provide essential marketing and technical support services under the agreement. This new joint venture will further enhance Shoaibi Group’s vast energy services portfolio which caters to most segments of the oil, gas and petrochemical industries in Saudi Arabia.
Chairman of EnerMech S.A. Ltd, Mr Faisal Al Shoaibi, said: “We are extremely pleased to enter into this venture with EnerMech. Shoaibi Group’s growth is dependent on such partnerships and we are delighted to collaborate with EnerMech and jointly develop the business in Saudi Arabia. By leveraging our combined strengths and creating a common platform to pool our expertise, the venture is bound to be successful.”
EnerMech managing director, Doug Duguid, said: “Building a strong presence in Saudi Arabia has always been our ambition and this partnership with Shoaibi Group is an excellent platform which allows us to do this. We have existing bases in Dubai, Abu Dhabi and Qatar and this joint venture is a natural progression in growing our business in the Middle East.”
EnerMech has previously completed a valves management project and provided training services in Saudi Arabia. Norman Kirk, who was previously with Baker Hughes in Saudi Arabia, has been appointed general manager for the new entity and has wide experience of the oilfield completions market in the Kingdom. EnerMech has invested in a range of hydraulics and pumping equipment to be based in-country and will make further investment to expand the equipment fleet.
EnerMech Ltd was formed in April 2008 and offers a safer, more customer-focused, responsive service with lower costs in the mechanical services sector within the energy industry, while delivering a much greater level of engineering and technical support than competitors can offer.
The company specialises in the supply, maintenance and engineering of cranes, lifting, valves and hydraulic equipment, equipment rental and the provision of training and specialist personnel to the energy industry.
In April 2009 EnerMech extended its presence in the Middle East with the acquisition of UAE free zone companies Pavitt Energy Limited and Scotia Oilfield Trading FZE which has since been integrated in to the EnerMech group. Investment totaling £5.1 million ($7.5M) has been made in equipment stock rental, improvements at our bases in Ras al-Khaimah and Doha, and plans have been drawn up to build a new £3 million facility in Jebil Ali, Dubai which will be ready in 2012.
EnerMech employs 1200 staff at its Aberdeen headquarters and bases in Great Yarmouth, Stavanger, Dubai, Qatar, Ras al-Khaimah, Singapore, Indonesia, China, Ghana, South Africa and Perth, Australia.
For more information please visit www.enermech.com
About Shoaibi Group
Headquartered in Al Khobar, Saudi Arabia, Shoaibi Group has been in operation for over 30 years and encompasses a wide spectrum of global partnerships, agency representations and joint ventures.
Shoaibi Group’s reliable and strong market knowledge and expertise in the region has led to the formation of strategic partnerships that cater to the energy and industrial sector across Saudi Arabia. Through its international partners, joint ventures and subsidiaries the Group operates in manufacturing, services, product distribution, and research and development predominately for the oil, gas and petrochemical sector in region.
Shoaibi Group is dedicated to investing in research and technology that will offer oil operators proven game-changing applications for all phases of oil and gas developments.
For more information please visit www.shoaibigroup.com
Corporate Communications Director
+973 17 566 499
ISSUERS OF NEWS RELEASES AND NOT OILANDGASPRESS.COM ARE SOLELY RESPONSIBLE FOR THE ACCURACY OF THE CONTENT.
Public relations, press release distribution service, investor relations, SEC filing, regulatory news,upstream, downstream,corporate announcements,technology developments and political news
www.oilandgaspress.com – The ‘one stop shop’ for global Oil and gas press releases!!!