Gulf Oil and Gas accountACCOUNT

Hitachi Signed Compressors Deal with Saudi Aramco

Source: 6/22/2011, Location: Middle East

Hitachi Plant Technologies, Ltd. has entered a Corporate Procurement Agreement (CPA) with Saudi Arabian Oil Company, the national oil company of the Kingdom of Saudi Arabia, to supply compressors and services for oil and gas plants.

Hitachi Plant Technologies will also become the fourth company to enter an agreement with Saudi Aramco as a compressor manufacturer, and the first Japanese manufacturer to do so.

The Agreement specifies basic terms and conditions to simplify and standardize the contract process when purchasing compressors, and other agreement terms regarding participation of Hitachi Plant Technologies in projects ranging from the basic planning stage of new projects to the development of new compressor technologies. Through this agreement, Hitachi Plant Technologies achieves a stronger business relationship with Saudi Aramco, and expects to increase orders through new compressor design and new demand. It also expects to enhance the compressor technology standards by participating in new technology development projects.

In addition, Hitachi Plant Technologies is studying the establishment of after service locations to service and maintain compressors in Saudi Arabia in FY2011 with a field study started in March 2011. As a result, Hitachi Plant Technologies is looking to expand its maintenance business for compressors shipped to Saudi Aramco through after-service locations soon to be established in Saudi Arabia that will be developed into a future regional manufacturing facility. Furthermore, Hitachi Plant Technologies plans to develop compressor business opportunities with other GCC*1 countries.

Hitachi Plant Technologies plans to increase its compressor business for oil and gas plants aggressively, mainly in the Middle East, Asia, and South America, where future demand lies, and to achieve revenues of 60 billion yen by FY2015. Hitachi Plant Technologies also plans to accelerate its community-based global development through joint ventures with customers and partners, expansion of its service business through product lifecycles, and by handling the outsourcing of the maintenance business.

Compressors >>

Compressors News in Saudi Arabia >>

Oman >>  5/15/2019 - KBR, Inc. (KBR) has been awarded a Front End Engineering Design (FEED) contract by Oman LNG L.L.C for the debottlenecking of their facility at Sur in ...
United Arab Emirates >>  5/10/2019 - McDermott International has been awarded a sizeable* contract by ADNOC to provide FEED services on a design-competition basis for phase one of the Umm...

Iraq >>  5/9/2019 - Iraq is planning a $53 billion mega project with global energy giants ExxonMobil and PetroChina to use seawater from the Persian Gulf to boost oil pro...
Qatar >>  5/9/2019 - Northern Offshore announces firm Letter of Awards for two (2) long-term contracts for its premium, heavy-duty jack-up drilling units from Qatar Petrol...

Saudi Arabia >>  5/3/2019 - KBR, Inc. (KBR) has received a three year extension to its existing General Maintenance Services (GMS) contract for the 440,000 bpd refinery at SATORP...
United Arab Emirates >>  5/1/2019 - McDermott International, Inc. (MDR) announced it has been awarded a sizeable* contract by ADNOC Refining to provide front-end engineering design (FEED...

Related Categories: Compressors, Air  Compressors, Cylinders  Compressors, Gas  Compressors, Parts  General 

Related Articles: Compressors, Air  Compressors, Cylinders  Compressors, Gas  Compressors, Parts  General 

Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.