Baker Hughes to build new oilfield services facility in SPARK

11/12/2018 Argaam

 

Baker Hughes, a GE company, plans to build a new oilfield services (OFS) facility in King Salman Energy Park (SPARK), the company said in a statement on Tuesday.

 

Work has already begun on the first phase of the facility, expected to open by the end of 2019.

 

The facility will reach full capacity by 2021-22, the statement added.

 

The new facility will support ongoing customer activities for three OFS product lines—drilling services, wireline services and pressure pumping - ensuring high-quality services.

 

The SPARK facility will also support projects and future growth with Saudi Aramco, and further contribute to the In-Kingdom Total Value Add (IKTVA) program through partnerships with local suppliers and other businesses.

 

Saudi Aramco and SPARK on Monday signed SAR 1.2 billion worth agreements with local and international companies.

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