Sawafi acquired a major stake in Vulcan, a UK-based engineering solutions provider for well completion, with the aim of enhancing manufacturing and sale of its products across the Globe and in Saudi Arabia.

Products such as casing accessories are already approved by Saudi Aramco and are currently produced in-country by Vulcan’s agent in Saudi Arabia, a partnership we have respected to avoid interrupting the flow of know-how into the country.

We are looking for further portfolio developments with well barriers and other segments as part of our niche technology strategy. The casing market has high entry barriers due to high inventories, high competition and high margins.