Schlumberger awards well services deal in Saudi
Malaysia's Daya Maxflo Sdn Bhd has secured a three-year contract from the world's largest oilfield services company for the provision of specialised well services in the Kingdom
Malaysia’s Daya Materials Bhd (DMB)'s unit, Daya Maxflo Sdn Bhd, has secured a three-year contract from global oilfield services major Schlumberger for the provision of specialised well services in Saudi Arabia.
The project will commence in Q3 2016, the company said.
DMB was established in 1994 as an integrated oil and gas company in Malaysia, and is now a major player in the oil and gas industry, with operations throughout the Asia Pacific, Europe and Middle East.
The contract award comes as Schlumberger, the world's largest oilfield services company, presses ahead with its strategy of consolidating its presence in the Kingdom.
Earlier this year, Schlumberger officially opened a new facility to support the oilfield asset reliability and efficiency in Dammam, in the Eastern Province.
The Schlumberger Middle East Center for Reliability and Efficiency (CRE) is tipped to be a major regional hub dedicated to maintenance and servicing of oil and gas technologies for the Middle East region.
It is located in the Dammam Second Industrial City. The Middle East CRE is the largest facility in the Schlumberger network at 178,000 sqm. It is aligned with Saudi’s In-Country Value (ICV) programme and will employ more than 450 Saudi nationals.