International Market

EnerMech signed a joint venture agreement with Abdulla Fouad Group (AFG)

EnerMech, has announced today that it has signed a joint venture agreement with Abdulla Fouad Group (AFG) to support the growth of its operations in Saudi Arabia.

Abdulla Fouad Group (AFG)
25/11/2014 16:05
EnerMech signed a joint venture agreement with Abdulla Fouad Group (AFG) Imagem: Press Office/AFG Visualizações: 248 (0) (0) (0) (0)


International mechanical services group, EnerMech, has announced today that it has signed a joint venture agreement with Abdulla Fouad Group (AFG) to support the growth of its operations in Saudi Arabia.

 

This arrangement follows AFG’s acquisition of Shoabi Group’s oil and gas agencies, joint ventures and facilities which was announced in October.

 

Based in Al Khobar, EnerMech’s Saudi Arabian operation provides crane, hydraulics, valves, process, pipelines and umbilicals (PPU), lifting and inspection services, equipment rental and specialist training to the Saudi Arabian energy sector.

Headquartered in the UK, EnerMech employs 2400 staff and has a presence in 20 countries, covering all the major international oil and gas producing hubs. Annual turnover is projected to be in excess of £260 million ($408 million) for 2014.

 

AFG will facilitate EnerMech’s Saudi Arabian operations and provide essential technical support and marketing services under the agreement.

 

AFG CEO, Zahid Khawaja said: “This agreement further strengthens our footprint in the oil and gas sector and we are delighted to collaborate with EnerMech and jointly develop the business in Saudi Arabia. By leveraging our combined strengths and creating a common platform to pool our expertise, the venture is bound to be successful.”

 

EnerMech Chief Executive Officer, Doug Duguid, said: “We have been operating in Saudi Arabia for more than two years and our partnership with AFG is an important step forward in allowing us to utilise our full potential in this important energy region.”

 

Bob Lee, General Manager of EnerMech’s Saudi Arabian operations, said: “This important joint venture agreement will give us access to a customer base and excellent opportunities which will fast forward EnerMech’s growth in Saudi Arabia and neighbouring countries. We have people and equipment in-country and are looking forward to growing our business in the region alongside our new partner.”

 

EnerMech already enjoys a strong presence in the Middle East with operational bases in Abu Dhabi, Qatar and Ras al Khaimah.

 

Most Read
see see
International Company News
OES Group Returns to Private Ownership Following Managem...
01/09/26
Products and Services
RiverTough Bearings and Seals
27/08/26
Pre-Salt
Petrobras platforms P-80 and P-82, which will operate in...
27/08/26
Royalties
Values related to June production were distributed to st...
27/08/26
People
bp appoints Felipe Arbelaez head of country for Brazil
27/08/26
ROG.e 2026
ROG.e 2026 brings global leaders together to discuss the...
26/08/26
Pre-Salt
Búzios field sets monthly and daily natural gas export r...
26/08/26
Navalshore
Firjan SENAI presents the Supplier Opportunities Network...
17/08/26
Equatorial Margin
Morpho Well: Petrobras discovers hydrocarbons in ultra-d...
15/08/26
Power Generation
Campo Grande hosts four days of debates on bioenergy and...
12/08/26
International
KPMG: fossil fuel consumption falls, despite oil's signi...
12/08/26
Fenasucro
Fenasucro & Agrocana opening highlights Brazil's leaders...
12/08/26
Event
IBP and BIP bring together leaders to discuss technology...
11/08/26
Event
Asset Management gains prominence in corporate strategy;...
11/08/26
Macaé
Foresea takes part in WSOP 2026 and reinforces that safe...
11/08/26
Sergipe-Alagoas Basin
Siemens Energy advances offshore expansion in Brazil wit...
10/08/26
Campos Basin
Raia Project Reaches New Milestones in One of Brazil’s M...
06/08/26
Permanent Offer
ANP Takes Part in Ceremony Marking the Signing of Contra...
05/08/26
SOG 2026
ABPIP Strengthens Territorial Development Agenda in Serg...
04/08/26
SOG 2026
SOG26 Surpasses the Previous Edition and Reinforces Serg...
03/08/26
People
Shell Brasil Begins a New Leadership Cycle with João San...
03/08/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.

2