| 08 Mar 2010 |
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AlMansoori Signs Joint Venture with Key Energy
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AlMansoori Petroleum Services, a subsidiary of AlMansoori Specialized EngineeringAlMansoori Specialized Engineering
, the leading regional provider of oilfield services in the Middle East, has signed a joint venture agreement with American-based onshore energy production services company Key Energy Services. The joint venture will bring several new services to AlMansooriAlMansoori's capabilities in coil tubing, workover rigs, pumping/cementing, fracturing and acidizing.
The joint venture will see Houston-born Key Energy Services establish a base in the Middle East for the first time and signifies AlMansooriAlMansoori's expansion into the region, it will target heavily in 2010.
Founded in Abu Dhabi in 1977, AlMansooriAlMansoori has grown to become one of the Middle East's largest oil field services companies, streamlining its services division in 2009 with the creation of AlMansoori Petroleum Services (MPS) and AlMansoori Petroleum IndustriesAlMansoori Petroleum Industries (MPI).
Nabil Alalawi, CEO of AlMansoori Specialized EngineeringAlMansoori Specialized Engineering
, said: "Although AlMansooriAlMansoori has strong roots in the Middle East, the company's international reach has consistently grown and North America has been a market that has become increasingly important to us. Key Energy Services heritage in America is akin to that of AlMansooriAlMansoori in the Middle East and we look forward to developing this relationship further in 2010 and beyond."Don Weinheimer, senior vice president of production services at Key Energy, said: "This is Key's first venture in the Middle East and AlMansooriAlMansoori's reputation and experience in the region assures us that the partnership will be a successful one. The JV will enhance AlMansooriAlMansoori's portfolio of Services to provide a very impressive and full service offering to the industry and we look forward to progressing further opportunities with AlMansooriAlMansoori in both the Middle East and North Africa."
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AlMansoori Specialized EngineeringAlMansoori Specialized Engineering
(MSEMSE) is the leading regional provider of oilfield services in the Middle East. Established in Abu Dhabi in 1977, the company now has more than 1,000 employees working in over 15 countries providing a variety of oilfield services. Under AlMansoori Specialized EngineeringAlMansoori Specialized Engineering, AlMansoori Petroleum Services (MPS) and AlMansoori Petroleum IndustriesAlMansoori Petroleum Industries (MPI) operates: MPI
Flowserve AlMansoori
Varco AlMansoori
Jet Lube
Micoda
Global Chemical Company
Specialized Oilfield Services
Emirates National Chemicals
Hilong AlMansoori
MPS
Corex AlMansoori
Directional Drilling
Safety Services
Logging & Perforating
Manpower Supply
Oilfield Supplies and Trading
Production Testing & Early Production Facilities
Wireline & Completion
Inspection Services
Tubing Conveyed Perforating
Workover Services
has entered into joint venture associations and licensing arrangements with several internationally recognised companies in order to provide a wider range of services to its clients. It has gained a reputation and the confidence of our valued customers by providing a complete range of products and services in co-operation with our Joint Venture partners and through our principals with whom we have established agency agreements in the different territories covered.AlMansoori Specialized EngineeringAlMansoori Specialized Engineering and its associated companies have modern, world-class facilities equipped with state-of-the-art technology and backed by well-qualified staff from more than 35 different nationalities to serve the needs of its clients.
AlMansoori Specialized EngineeringAlMansoori Specialized Engineering is proud to be one of the few companies from the region to have an integrated Health, Safety, Environment and Quality management system. For further details visit our website www.almansoori.biz
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Fifth Ring Integrated Corporate Communications
Susan Parker,
PR Account Manager, susanp@fifthring.com/ +971 4372 0154/ +971 50 101 4403
© Press Release 2010
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