February 21 2022

Sawafi Spearheads Innovation at IPTC 2022 as Diamond Sponsor

Sawafi Shines as Diamond Sponsor at IPTC 2022, Driving Sustainable Solutions in Oil & Gas

Sawafi is participating as a Diamond Sponsor in the International Petroleum Technology Conference (IPTC) 2022, scheduled to be held from February 21st-23rd, 2022 at the Riyadh International Convention and Exhibition Center.

The Sawafi, its new drilling division Newsco, and Sawafi Borets, along with Inma Steel are also participating in the conference.

The flagship Oil & gas conference of the Eastern Hemisphere is a collaborative effort among the American Association of Petroleum Geologists (AAPG), the European Association of Geoscientists and Engineers (EAGE), the Society of Exploration Geophysicists (SEG), and the Society of Petroleum Engineers (SPE).

The 2022 edition, themed ‘Fueling Global Recovery through Sustainable Energy’ is set to showcase upstream sector resilience, technological advancement, and ecosystem evolution in the ongoing critical times, and is exclusively hosted by Saudi Aramco.

Speaking on Sawafi’s participation in the Conference, Mr. Tarek Kachouri, Managing Director, Sawafi, said, “We are fueled with passion to consistently deliver innovative technologies and superior service quality, as we evolve in tandem with the Kingdom’s ever-growing demand for innovative and accessible technology solutions in the oil and gas sector. Through initiatives such as the IPTC, we are expanding and diversifying, creating a synergistic portfolio of businesses that facilitates knowledge and skill exchange, and capacity building to support effective and sustainable use of the Kingdom’s natural and human resources in the sector.”

Sawafi has a strong track record of consistently delivering innovative upstream solutions to the oil and gas industry in Saudi Arabia.

As Saudi Aramco’s technology vendor, Sawafi is dedicated to further contributing to Saudi Arabia’s continued leadership in the oil and gas industry and is partnering with leading oil field technology firms across the globe to introduce, innovate and deliver quality, cost effective and localized upstream technology solutions that optimize performance and production in a safe and sustainable manner and positively impact In Kingdom Total Value Add “IKTVA”. The company aims to invest over 700 M SAR over the next 5 years in technology localization and manufacturing.

Sawafi will be deploying its own technology platforms in its upcoming operations, which includes proprietary ‘Measurement While Drilling’ technology and positive displacement drilling motors. Sawafi’s technology has been deployed globally through Newsco over the past 25 years and is positioned as a reliability leader in directional drilling applications.

The Sawafi JV, Sawafi-Borets, signed a key investment commitment with King Salman Energy Park (SPARK) to develop an Electrical Submersible Pump (ESP) factory and service center at SPARK to empower the oil & gas and energy sector in the Kingdom of Saudi Arabia and the GCC.

“Representing a significant contribution to localizing value creation through dedicated industrial development, as part of the Kingdom’s Vision 2030, our vision is to develop a large ESP servicing and manufacturing facility and distribution center for ESP services in the region and boost equipment exports from the Kingdom. In addition, the company plans to develop unique localized manufacturing capabilities in the Kingdom by implementing pump, motor and motor seals manufacturing localization, advanced testing facility, and special equipment assembly,” noted Talal Al-Binali, General Manager, Sawafi Borets, adding the company plans to invest an estimated $ 30 million over the next 5 years to achieve its goals.

Also participating in the conference, Inma Steel is specialized in Engineered-to-Order process equipment and component manufacturing, mechanical repair, equipment installation, plant turnaround & shutdown services, among others. Approved by Saudi Aramco, SABIC, Ma’aden, and Marafiq, the company has extensive track record of more than 1000 projects working with major regional and international LSTK/EPC contractors and is now exploring upstream manufacturing opportunities.

Elaborating on how Inma is adding significant value to the Kingdom by advancing its capabilities and localizing content, Hussam Abdulhalim, MD, Inma Steel said, “We are making major investments toward building new capabilities, improve quality of our processes, and localize component manufacturing within the Kingdom to, shorten delivery times, and shorten inventory. We recently signed a 10 year long form agreement with Saudi Aramco to manufacture gas modular skids in Saudi Arabia. A great addition to our portfolio, this will break new grounds in terms of engineering and technology integration and marks the beginning of a new era of opportunities for us, our holding company as well as the Kingdom.

About Sawafi Borets

Sawafi Borets is a joint venture (JV) between Sawafi and Borets Services, the leading global provider specializing in the engineering, manufacture, sales, and service of Electric Submersible Pump systems (ESPs). The JV operates from Khobar, Saudi Arabia, and currently serves leading clients in the region with reliable long-term contracts to Supply, Installation, Maintenance, and Surveillance of Submersible Pumping Systems.

About Inma Steel

Inma Steel is an ISO certified leading provider of evolved industrial infrastructure solutions in the Kingdom serving clients across the length and breadth of industrial sectors. Established in 1984, Inma builds on an illustrious 40-year track record to deliver reliability, quality, and service excellence; backed in its endeavours by the strength and reputation of its parent company, Alturki Holding Company, one of the top family-owned businesses in Saudi Arabia.

A market leader in engineered process equipment and specialized industrial preventive and corrective maintenance services, Inma constantly upgrades and expands its products and services portfolio to keep abreast with the latest technological advancements and offer better value proposition to its clients through advanced industrial solutions.