The leading regional oil field services and equipment players are building further strength through collaboration in addressing the challenging & growing Hydraulic Fracturing market.
Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced today the signing of an agreement with AlMansoori Petroleum Services (AMPS). The announcement was made at the opening of this year’s International Petroleum Technology Conference (IPTC), taking place for the first time in the Kingdom of Saudi Arabia.
The agreement establishes an alliance between TAQA and UAE-based AlMansoori Petroleum Services to provide high-end fully-integrated fracturing and stimulation solutions, through combination of both companies’ respective expertise and capabilities in geoscience and engineering, well-site management, well testing and flowback, fracturing, stimulation, slickline, coiled tubing and perforation services and equipment, allowing both companies access to the growing hydraulic fracturing market which is forecasted at a value of more than SAR2.0BN in 2020.