On February 24, Schlumberger announced the opening of a world-class manufacturing centre at the King Salman Energy Park (Spark), which supports Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) programme to promote economic growth.

The centre will manufacture well completions technologies including liner hangers and packers and isolation valve technologies, including GROVE and ORBIT ball valves, to help improve the efficiency of oil and gas operations in the kingdom and neighbouring countries.

The first phase of the manufacturing centre, which comprises 105,000 sq m, will create more than 200 new jobs over the next few years and develop a highly skilled manufacturing and supply chain workforce for oil and gas products and services within the region. This is a demonstration of Schlumberger’s alignment with the Kingdom’s 2030 Vision.

Jeha ... commitment to IKTVA

"It is with pride that we announce the inauguration of the Schlumberger manufacturing centre at the King Salman Energy Park. As the first upstream services company to establish a manufacturing centre at Spark, we are enabling an agile fit-for-basin capability that links research, product development and now manufacturing to the needs of the Saudi market. It is a true demonstration of our commitment to the IKTVA programme by expanding our localisation portfolio bringing our latest technologies to be manufactured in the kingdom," says Ziad Jeha, President, Schlumberger Saudi Arabia and Bahrain.

Schlumberger is the world’s leading provider of technology for reservoir characterisation, drilling, production, and processing to the oil and gas industry.

With product sales and services in more than 120 countries and employing approximately 105,000 people representing over 170 nationalities, Schlumberger supplies the industry’s most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimise hydrocarbon recovery to deliver reservoir performance sustainably.

Schlumberger has executive offices in Paris, Houston, London, and The Hague, and reported revenues of $32.92 billion in 2019.