TechnipFMC Breaks Ground on New Manufacturing, Aftermarket and Training Facility in Saudi Arabia

News | November 19 2018

TechnipFMC Breaks Ground on New Manufacturing, Aftermarket and Training Facility in Saudi Arabia

The 140 new jobs reinforce TechnipFMC commitment to acquiring a local, diverse and capable workforce in the next five years as part of the In-Kingdom Total Value Add Program (IKTVA), a Saudi Aramco initiative.

DHAHRAN, Saudi Arabia, November 19 2018 TechnipFMC has broken ground on its new state-of-the-art manufacturing, aftermarket and training facility in Dhahran in the eastern region of Saudi Arabia.

The 52,500-square-meter facility greatly expands TechnipFMC's footprint in Saudi Arabia with a major investment and 140 new jobs focusing on Saudi talents. The new facility will offer a broad range of manufacturing, aftermarket and training capabilities in-country, supporting the full TechnipFMC portfolio with its advanced technology and integrated systems in the drilling, completion, production, measurement and pressure control activities.

First, we are making a commitment to Saudization and localization, TechnipFMC Surface Technologies President Richard Alabaster said at the recent groundbreaking ceremonies.

Second, we are increasing our capacity to meet the challenge of the upcoming rise in activity planned within Saudi Aramco, Alabaster said. Third, we want to have the capabilities in-country to bring the full scope of our Surface Technologies portfolio and integrate in a way that makes the economics of Saudi Aramco's projects much more favorable.

The 140 new jobs reinforce TechnipFMC commitment to acquiring a local, diverse and capable workforce in the next five years as part of the In-Kingdom Total Value Add Program (IKTVA), a new program created by Saudi Aramco to baseline, measure and support increased levels of localization in the Kingdom.

Alabaster said he expects the initial investment in the new facility will grow as new capabilities are developed in-country that will allow TechnipFMC to not just supply the local Saudi market but also export from Saudi Arabia.

Attending the groundbreaking ceremony was Saudi Aramco's Industrial Development and Strategic Supply Department Manager and head of the IKTVA localization program, Abdallah Al Thaaly, Nayef Al Ghafel, Drilling and Workover Services Department Manager; Rami Saleh, Drilling Technical Department Manager; Hamoud Al-Shammari, Offshore Drilling Department Manager; and other Saudi Aramco officials. Also attending was Alex Campbell, General Manager TechnipFMC Saudi Arabia.

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About TechnipFMC

TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients' project economics.

We are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our clients in developing their oil and gas resources.

Each of our more than 37,000 employees is driven by a steady commitment to clients and a culture of purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.

To learn more about us and how we are enhancing the performance of the world's energy industry, go to TechnipFMC.com and follow us on Twitter @TechnipFMC.

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Contacts

Donia Bouabsa

Email: Donia Bouabsa

Tel: + 9712 611 6104

LINK:	https://www.technipfmc.com/en/media/press-releases/2018/11/technipfmc-...
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