Momentum continues in Middle East with $12 million deal
FORT WORTH, Texas and Abu Dhabi, United Arab Emirates (Nov. 7, 2016) Weir Oil & Gas Dubai, today announced an agreement with Kuwait Oil Company (KOC) through their representative in Kuwait, Khuff Trading and Contracting, for the purchase of 295 Seaboard wellheads, representing approximately $12 million USD.
Weir will provide KOC with 11 different wellhead configurations ranging from 3,000 to 10,000 PSI. The products sold include conventional wellheads along with HH cladded trees, and solid block dual completion trees. Equipment designs will accommodate casing and tubing sizes ranging from 24” to 3 ½” in the various well head configurations supplied to KOC.
“This is a significant milestone as we continue to devote resources to such a vital region of the world’s upstream market,” said Fraser Park, Interim EMEA Regional Managing Director of Weir Oil & Gas. “Since opening the first wellhead manufacturing facility in Dubai’s Jebel Ali Free Zone last year, our commitment to keeping customers productive and profitable in challenging conditions has not wavered. To have an industry leader such as KOC entrust us with their wellheads demonstrates that we are delivering on our promise.”
In addition to a manufacturing facility for an entire suite of equipment for the upstream and downstream markets, Weir provides operators in the region with operations and maintenance integrated services contracts. The scope of its resources in the region is key to its ability to serve as a resource to companies such as KOC.
“Partnering with Weir is an extension of several components of KOC’s 2030 Strategy,” said Ahmed Dick, managing director of Khuff Trading and Contracting, “From maximizing the strategic value of oil, realizing the value from technology, all while adhering to strict safety and environmental protocols, our alliance with Weir Oil & Gas is an important component to KOC’s long-term strategies.”
Weir takes a customized approach to designing critical service equipment including its Seaboard™ two-stage, single bore wellhead system, and mandrel casing hangers through BOP installed lockdown seal assemblies and the Seaboard™ versatile quick-connect hub. This allows operators to run the pre-assembled wellhead system through the rotary- table, landing on the conductor, with no flame cutting, welding, grinding or other on-line, time intensive, installation techniques. Weir’s unique approach to design eliminates lock down screws by utilizing an integral lockdown seal assembly rather than traditional hanger lock-down screws, subsequently removing multiple potential leak paths.
In addition to the Seaboard™ wellhead, Weir provides field services and training, supported locally in the region through its manufacturing facility in the Jebel Ali Free Zone.
Weir Oil & Gas
Weir Oil & Gas provides superior products and service solutions, which make our upstream customers more efficient. More customers choose our pressure pumping solutions than any other. We provide well service & stimulation pumps, flow control products and replacement expendable parts from leading brands including SPM, Mesa and Novatech. Pressure Control includes trusted brands such as Seaboard, which provides wellheads, valves and frac trees, and Mathena, which delivers drilling mud-gas separation equipment including chokes, separators, & environmental containment equipment. Engineered mechanical and rotating equipment repairs and upgrades, oilfield and drilling equipment repair and certification, rapid prototyping of spares parts, including robust asset management and field engineering services, are delivered globally by Weir Oil & Gas Services [based in Dubai, UAE].
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Founded in 1871, The Weir Group PLC is one of the world’s leading engineering businesses. Weir designs, manufactures and services innovative solutions for minerals, oil and gas, power and other process markets. The Group aims to be a partner of choice to our customers with a worldwide network of around 200 manufacturing and service facilities. Weir employs over 14,000 people serving customers in more than 70 countries. For more information please visit www.global.weir.