Drilling and Workover buys in big at SPARK
Aramco breaks ground at large Drilling and Workover site at King Salman Energy Park.
King Salman Energy Park (SPARK), the world-class energy and industrial city, marked another significant milestone recently as Aramco and the Horizon Project Company Ltd. broke ground on a 277,000 m2 drilling and workover site.
Construction is scheduled to be completed by the second quarter of 2023.
The project includes new office and warehouse space, industrial workshops, staging yards, dining facilities, vehicle parking, and other support facilities. It will provide infrastructure and amenities for a workforce of 1,200 Drilling and Workover employees. Aramco and the Horizon Project Company Ltd. have signed a 22-year Build, Own, Operate and Transfer (BOOT) contract for the project.
Horizon Project Company Ltd. is jointly owned by a consortium consisting of Al Fouzan Al Sabiq Holding Company and Almutlaq Real Estate Investment Company.
The project will strategically situate new facilities for the Drilling and Workover Services Department at one city with centralized drilling services and operations.
Nasir K. Al Naimi, senior vice president of Upstream at Aramco, said, “This is another significant Aramco venture to ensure business continuity.”
The new facilities for Drilling & Workover will attract other oil field services to play an indispensable role within an integrated energy ecosystem in a collaborative setting.
— Nasir K. Al Naimi
Abdulhameed A. Al Rushaid, vice president of Drilling and Workover at Aramco, said: “The development strategically advances our role as an anchor tenant at SPARK. As an integrated ecosystem for the energy sector, SPARK is being designed to capture the full economic value of demand for energy-related goods and services.
“Aramco intends to leverage the scale of our drilling activities to meet that demand and ensure continuity of energy supply, thereby cementing our position as a global leader in energy and bolstering the Kingdom’s position as a hub for energy services,” he said.
Saif S. Al Qahtani, SPARK president and CEO, said: “We’re excited to announce Aramco’s new Drilling & Workover main head office and industrial hub at SPARK. The establishment will enhance the oil and gas supply chain within the city by utilizing SPARK’s advance offerings such as the logistics hub and dry port to establish a solid eco-system.”
“This link can also be a driver to other localization opportunities such as the digital and nonmetallic hubs to contribute on the industrial value chain of the energy sector. SPARK is striving to support the industry by attracting small and medium enterprises through state-of-the-art ready built facilities and a supply base operated by Oilfields Supply Center,” Al Qahtani added.
Drilling and workover projects support Aramco’s oil field services and equipment industry strategy. Through its new facility at SPARK, Aramco strives to capitalize on its proximity to oil field service providers to foster a culture of collaboration and innovation. It also strives to support development and localization of key industries, such as rig and equipment manufacturing, as well as casting and forging.