Shoaibi Group (SG) and "FMC Petroleum Equipment (Malaysia) SND. BHD.," a wholly owned subsidiary of FMC Technologies, announced the formation of FMC Technologies Saudi Arabia LTD, a joint venture based in Al Khobar, Saudi Arabia, offering oil operators equipment and services for oil and gas exploration, development and production.
The joint venture will manufacture surface wellhead equipment meeting API standards as well as FMC's rigorous global quality standards in Saudi Arabia, and will benefit significantly from Shoaibi Group's strong operations and market expertise across the Kingdom of Saudi Arabia.
"This represents a significant milestone in becoming more responsive to Saudi ARAMCO and to our ever-expanding customer base," said Don Underwood, General Manager of Asia Pacific Middle East for FMC Technologies. "It is consistent with our commitment to sustainable development in the Kingdom of Saudi Arabia."
Khaled Suhayl Al Shoaibi, Director of Shoaibi Group, said, "We are honored to extend our business venture with FMC Technologies into local manufacturing, and trust our partnership will achieve excellent results. FMC Technologies, as a world leader in technology solutions for the energy industry, fuses well with our strategy to bring technology to the Middle East and North African oil and gas markets."
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