INDUSTRY NEWS
$12 Million Contracts As Market Leader Uplevels Middle East Presence
VCP’s success in the Middle East is underpinned by its manufacturing facility in the Kingdom of Saudi Arabia which opened last year. This Aramco-approved location operates in collaboration with local partner company Saja Energy and delivers expertise, superior service, and an unrivalled commitment to the region’s clients.
Commenting on the recent announcement, VCP Middle East Regional Manager Mike Fraser said: “By combining Saja Energy’s world-class facility with our products, expertise, and knowledge we have positioned Vulcan Completion Products at the heart of the region, allowing us to be agile in fulfilling customer requirements for the region and beyond. This synergy has been instrumental in recent contract wins and, along with our strong relationship with Sawafi, it is a key driver for growth throughout and beyond the Middle East.”
Vulcan Completion Products President/ MD Ian Kirk added: “By establishing a presence in key emerging markets, consolidating our position in others, and strategically placing the right talent in the right locations, we are realising our objectives.
An international leader at the forefront of next generation creative solutions for the oil and gas completions market is celebrating the first anniversary of a key Middle East partnership with technology and energy group, Sawafi Al-Jazeera Oilfield Products and Services Co. (Sawafi).
Aberdeenshire-based Vulcan Completion Products (VCP) has marked the significant milestone by announcing that the company has
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www.sosmagazine.biz October 2023
recently secured $12 million of work in the region. The news extends and deepens relationships with existing clients in the area and the projects will be delivered over the next 2-3 years.
The collaboration with Sawafi is part of a bold post-Covid growth strategy at VCP. Established in 2013, Sawafi is a global leader in upstream technologies including drilling enhancement, intelligent completion products, artificial lift products, well characterization and visualization, well real-time survey services, and artificial intelligence analytics and alerts.
He added: “As a very experienced team, we have been able to fast-track VCP’s development into the Kingdom of Saudi Arabia, which has enabled us to hit the ground running in a key part of the world – in just five years (including Covid).
“We will also be expanding our R&D centre in Aberdeen in early 2024 and obviously increasing our head count to match this upturn in our business and product development. We look forward to using what we have created as a springboard towards future growth, and adding to our team will ensure that we have the right regional knowledge to support additional contracts in the future.”
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