BHGE to open oilfield services facility in King Salman Energy Park
The first phase of the facility will open at the end of 2019
Baker Hughes, a GE company (BHGE) will build a state-of-the-art oilfield services facility in King Salman Energy Park (SPARK). The facility will support ongoing customer activities for drilling services, wireline services and pressure pumping.
“This new facility will help build a new ecosystem for oilfield services within SPARK and support our commitments to invest in innovation, supply chain growth and training of new talent,” said Lorenzo Simonelli, chairman and CEO of BHGE.
BHGE plans to open the first phase of the facility at the end of 2019, and will reach full capacity by 2021 or 2022. It will be an operational and service support facility and distribution centre with training capabilities. The company noted in a press release that this facility would contribute to the In-Kingdom Total Value Add (IKTVA) localisation program "through partnerships with local suppliers and other businesses."
“Developing in-Kingdom competencies that will strengthen the pillars of Saudi Vision 2030 and support a robust oil and energy supply chain is a top priority for Saudi Aramco," said Mohammed Y. Al Qahtani, senior vice president of Upstream at Saudi Aramco. "We encourage investments in localized infrastructure that will support our operational processes and also contribute to in-Kingdom total value creation. BHGE’s new oilfield services facility is a significant step in this direction, which not only meets our operational needs but will also contribute to the larger Saudi economy through exports and job creation.”
SPARK will have a comprehensive ecosystem with world-class infrastructure, logistics and a dry port, shared services, a commercial and residential area and highly specialized training centers.