01 Dec Wellpro Group announces expansion into Saudi Arabia
Global well intervention company Wellpro Group has enhanced its ambitious international expansion by announcing its entry into the Saudi Arabian oil and gas market.
The thru tubing, inflatable packer and well intervention service portfolio provider has signed a long-term agreement with leading Saudi Arabian energy services company i-Energy as part of a full country start up business plan and large-scale commitment. This will involve complete operational asset and field support – including Wellpro Group’s industry leading downhole tools and best in class service. The expansion will lead to the initial creation of up to 10 jobs in Saudi Arabia.
Mark Fraser, Wellpro Group’s Middle East Region Manager, said: “The Saudi Arabian oil and gas market remains one of the biggest in the world and it has been a long-term ambition for Wellpro Group to enter it. Our agreement with i-Energy provides the ideal platform for us to showcase the benefits we can bring to the Saudi Arabian thru tubing, inflatable and intervention market by supplying safe, cost effective solutions and services coupled with innovative cutting edge technology.”
The expansion into Saudi Arabia marks the latest milestone in Wellpro Group’s ambitious international growth plans. The company has been fully operational in the Middle East for almost two years, with a regional workshop in Dubai, and is growing its presence in the Asian market.
Earlier this year, Wellpro Group announced a collaborative agreement with Inflatable Packers International, a leading manufacturer of inflatable technology to the oil and gas industry, to enhance its existing portfolio of products and services initially in the Middle East with full exclusivity in Saudi Arabia.
Wellpro Group CEO Jim Thomson said: “Having already established a strong foothold in the Middle East, expansion into Saudi Arabia was a logical next step for us. We’ve identified significant opportunities in the Kingdom for our quality products, and believe our vastly experienced personnel will be able to save our clients valuable time and money in solving their most complex thru tubing, inflatable and intervention challenges.”
Wellpro Group has grown significantly since being formed in February 2018, establishing itself as a leading provider in the Eastern Hemisphere, employing a total headcount of over 30 across the world with expectations of continued growth.
Read the OGV Energy magazine article HERE.