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: 249 (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
Results
ANP Releases Consolidated Data on Oil and Gas Production...
03/08/26
SOG 2026
Banco do Nordeste Has R$ 504 Million for the Energy Sect...
03/08/26
PPSA
TotalEnergies and ExxonMobil Win Atapu and Bacalhau Cargoes
31/07/26
SOG 2026
Sebrae Sergipe Strengthens Small Businesses and Expands ...
31/07/26
PPSA
PPSA Expects to Hold the First Auction of the Union’s Na...
30/07/26
SOG 2026
Sergipe Oil & Gas 2026 Begins with a Focus on Investment...
30/07/26
SOG 2026
Petrobras Director Opens Sergipe Oil & Gas with Analysis...
30/07/26
FIRJAN
Agrega + Indústria brings together entities, companies, ...
29/07/26
SOG 2026
ABPIP brings to Sergipe Oil & Gas a debate on strengthen...
28/07/26
Event
BR Aviation presents its portfolio of customized solutio...
23/07/26
Royalties
Royalties: amounts referring to May production distribut...
23/07/26
Fuels
Fuel and lubricants sector registers 1.8% drop in June, ...
22/07/26
IBP
Studies point to redundancy of the export tax and extra ...
22/07/26
PPSA
7th Spot Auction: PPSA markets cargoes from Atapu and Ba...
20/07/26
Results
Union oil production reaches 244 thousand barrels per da...
17/07/26
State of Ceará
Natural gas arrives in Cariri (CE) and strengthens econo...
16/07/26
Terminals
Vast announces contract extension with PETRONAS Brasil u...
15/07/26
International
War, oil and the dollar: how global fluctuations impact ...
13/07/26
ANP
Third-party access to natural gas flow pipelines and pro...
10/07/26
Agreement
ANP and Petrobras sign agreement to bring 335 offshore w...
07/07/26
Logistics
Vast Infraestrutura and Petrobras strengthen partnership...
07/07/26
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