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$12 Million Contracts As Market Leader Uplevels Middle East Presence

$12 Million Contracts As Market Leader Uplevels Middle East Presence

 

An international leader at the forefront of next generation creative solutions for the oil and gas completions market is celebrating the first anniversary of a key Middle East partnership with technology and energy group,Sawafi Al-Jazeera Oilfield Products and Services Co. (Sawafi).

Aberdeenshire-based Vulcan Completion Products (VCP) has marked the significant milestone by announcing that the company has recently secured $12 million of work in the region.  The news extends and deepens relationships with existing clients in the area and the projects will be delivered over the next 2-3 years.

The collaboration withSawafiis part of a bold post-Covid growth strategy at VCP. Established in 2013, Sawafi is a global leader in upstream technologies including drilling enhancement, intelligent completion products, artificial lift products, well characterization and visualization, well real-time survey services, and artificial intelligence analytics and alerts.

VCP’s success in the Middle East is underpinned by its manufacturing facility in the Kingdom of Saudi Arabia which opened last year in 2022.  This Aramco-approved location operates in collaboration with local partner company Saja Energy and delivers expertise, superior service, and anunrivalled commitment to theregion’s clients.

In late 2022, VCP announced a significant development when it relocated its Middle east office to a larger space in Dubai.  This strategic move reflects the company’s commitment to enhancing its position within the Middle East, a region of paramount importance, both historically and in the company’s ambitious plans for the future.

Last year’s investment also empoweredVulcan Completion Products to expedite its plansin The Americas, spurred on by a Houston office expansion and a key management appointment dedicated to nurturing existing client relations in the region and pursuing additional opportunities.

VCP has already doubled the size of its teamover the last 12 months employingdedicated professionalsin key locations around the world.  They have cultivated an exceptional reputation and consistently surpass customer expectations in design, manufacture, and applying bespoke, innovative, and groundbreaking solutions. From centralisation products, reamer guide shoes, float equipment, cement plugs, stop collars and a range of completion accessories.VCP boasts an unmatched record of success – their unwavering focus on quality service provision and consistently exceeding client expectations has set them apart.

With a combined experience of more than 200 years and a robust global network of carefully selected agents, the company directly serves IOCs, NOCs, major players and headline service companies.

Among VCP’s standout products are the industry-hailedPhazer™: Flex and Phazer™: Flex TT (Tight Tolerance).  These centralizers offer superior stand-off in open holes, while maintainingultra-low drag in restricted cased holes.  All Phazer™ Flex products are tested to API and beyond.

Commenting on the recent announcement, VCP Middle East Regional Manager Mike Fraser said: “By combining Saja Energy’s world-class facility with our products, expertise, and knowledge we positioned Vulcan Completion Products at the heart of the region, allowing us to be agile in fulfilling customer requirements for the Region & beyond.This synergy has been instrumental in recent contract wins and, along with our strong relationship with Sawafi,it is a key driver for growth throughout and beyond the Middle East.”

Vulcan Completion Products President/MD Ian Kirk added: “By establishing a presence in key emerging markets, consolidating our position in others, and strategically placing the right talent in the right locations, we are realising our objectives.

He added: “As a very experienced team, we have been able to fast-track VCP’s development into the Kingdom of Saudi Arabia, which has enabled us to hit the ground running in a key part of the world – in just five years (Including COVID)

“We will also be expanding our R&D Centre in Aberdeen early 2024 & obviously increasing our head count to match this increase in our business and product Development. We look forward to using what we have created as a springboard towards future growth, and adding to our team will ensure that we have the right regional knowledge to support additional contracts in the future.”

To find out more about Vulcan Completion Products, visit www.vulcan-cp.com email Sales@Vulcan-CP.com or call +44 (0) 1224 446710.

(674 words)

Notes to Editors

Vulcan Completion Products (VCP) draws on more than 200 years of combined industry experience to offer bespoke, innovative, and ground-breaking solutions.  From centralisation, reamer, and guide shoes to float equipment, cement plugs, collars, and cable protectors VCP has an unmatched record of success, with the emphasis firmly on being a quality service provider who consistently exceeds client expectations.  To find out more, visit www.vulcan-cp.com email Sales@Vulcan-CP.comor call +44 (0) 1224 446710.

Issued by Granite PR on behalf of Vulcan Completion Products (VCP).  For further information, contact Lesley Eaton (PR Consultant, Granite PR) on (07595) 200662 or email lesleyeaton@granitepr.co.uk

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Published: 21-10-2023

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