Welltec signs Long-Form contract with Saudi Aramco
Welltec announced the agreement of a Long-Form Contract (LFC) with Saudi Aramco.
Following an extensive approval process, the deal will see Welltec deliver Completion products and services across the Saudi Aramco portfolio in any environment.
“Welltec began installing WAB metal expandable packers for Saudi Aramco in 2014 as part of a technology trial, and the award of a long-form contract demonstrates how far we’ve progressed since then,” said Kevin Wood, Well Completions Sales Director for Welltec Middle East.
Wood continued to add: “Confirmation of this award represents a major step in our partnership with Saudi Aramco which also enables us to continue along the path of exemplary service quality in the execution of completions. With more products being qualified through Saudi Aramco this year, and the addition of an in-country Welltec manufacturing facility, it’s greatly appreciated that Welltec have been recognized through this award.”
“The qualification process included a number of site visits, inspections and audits, with full and detailed reports covering the entire Welltec organization with particular focus on our manufacturing process,” added Hani Sagr, Area Vice President for Welltec Middle East, before going on to explain that it was December 2018 when proceedings began in earnest.
“This is not only an excellent recognition of the great teamwork between Welltec and Aramco, it also highlights our commitment to the IKTVA program geared towards in-Kingdom value creation”.
The combination of this award and the continued expansion of in-house manufacturing at a local level serves as an excellent platform for the future and continued growth in neighbouring countries.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news

Stocks Slide as Tariff Angst Adds to Price Worries: Markets Wrap

China’s Oil Teapots Cut Runs to Pandemic Levels After Sanctions

China Refiners Set to Resell US Oil Cargoes After Tariff Blitz

Shell starts up new facility in UK North Sea, restoring production from the Penguins field

Oil Falls to Lowest Settlement Price of 2025 as Traders Flee

Oil Falls After Trump Delays Canada, Mexico Tariffs by a Month

Wright Confirmed to Lead Energy Agency Key to Trump’s Plans

Oil Rises as Trump Slaps Tariffs on Biggest Crude Supplier to US

UAE’s Adnoc Aims to Buy Nova Chemicals, Roll Into Deal With OMV
