Weather Forecast for Thursday    Saudi leadership seeks peace and progress in Yemen, Prince Khalid tells President Hadi    UN experts decry Iran's reported plan to execute Iranian-Swedish academic    12 years on, victims of Mumbai terrorist attacks await justice India accuses Pakistan of shielding main culprits    CMA warns market manipulators of prosecution    1-year jail and SR50,000 in fine for assaulting women    Foreigners must transfer sponsorship within 2 months after separation from Saudi spouses    Abu Dhabi crown prince meets with Indian foreign minister    Yemeni parties condemn Houthi attacks against civilian targets in Saudi Arabia    Details of new 2021 Dakar Rally route in Saudi Arabia unveiled    Saudi Arabia collects six Arab governmental excellence prizes    Argentina Soccer Legend Maradona Dies of Heart Attack    China FM in Japan to Discuss Virus    Joint Incidents Assessment Team Refutes Allegations against Coalition Forces    CITC to Host a Webinar on Radio Spectrum Innovation in Collaboration with the ITU    AstraZeneca COVID-19 Vaccine 90% Effective only Among Age Group Below 55, US Advisor reports    SABIC introduces new Lexan anti-fog film for clear safety visors, lenses and goggles    DEWA selects bidder for 120 MIGD Hassyan Sea Water Reverse Osmosis IWP Project    HRC President receives Ambassador of New Zealand    Saudi Ladies International confirmed for 2021    European Tour's commitment to golf in Dubai will support tourism recovery    On Behalf of the Custodian of the Two Holy Mosques, Governor of Riyadh to Attend Final of the King's Cup    Russian President Praises Joint Cooperation with the Kingdom of Saudi Arabia to Ensure the Stability of the Global Energy Market    Russia reports record 507 coronavirus deaths    King approves Saudi Central Bank law and renames SAMA    K Chinar, Pak Zalmi open account in Ace Travel Saudi Cup    Bahraini, Indian foreign ministers meet, seek to boost bilateral ties    OPEC Secretary General: The Attack on Petroleum Products Distribution Terminal North of Jeddah is Cowardly Act    Study: Small link between blood type O and lower risk for severe COVID-19 illness    Saudi Arabia Achieves Highest Levels of Commitment to Implementing G20's Outcomes on Cybersecurity    Azha Workshop unveils bracelet to showcase AlUla's rich history    RCU announces the winners of #CaptureAlUla photo competition    Chelsea 7th club to top PL, with win, at Newcastle,    Coman rescues 1-1 draw for Bayern against Werder    British Council to host event for young Saudi filmmakers    Saudi Arabia Launches Golf Sustainability Strategy, Al-Rumayyan Opens Aramco Saudi Ladies International    MCIT Launches Initiative to Raise Awareness on Cyberbullying    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Saudi Medical Team Restore Young Man's Lost Vision, One Year later    KSrelief Organizes Awareness Campaign on Breast Cancer in Aden Governorate, Yemen    Ithra Signs Agreement with Supreme Council of Antiquities of Egypt    Court facilitates young woman's marriage after stripping father's guardianship    Bahrain's top Islamic body condemns attempts to insult Muslim symbols    Saudi man accused of harassing foreign wife asked to be produced before court Court allows divorce, custody of children by mother    S. P. Bala, legendary Indian singer, dead at 74    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Agreement to develop oil, gas industry in Bahrain signed
Published in The Saudi Gazette on 21 - 10 - 2020

The Arab Shipbuilding and Repair Yard (ASRY) has signed a joint venture agreement with Woodlands Holdings to provide services related to the oil and gas industry in Bahrain.
The company will provide turnkey production solutions that aim to maximize recovery from marginal assets, as well as accelerate production from unconventional resources.
The agreement was signed in the presence of Sheikh Mohammed bin Khalifa Al Khalifa, Minister of Oil and Chairman of the Board of Directors of ASRY, and by Mazen Matar, Managing Director of ASRY, and Sam Kawa, CEO of WoodServ.
The minister welcomed the signing of the agreement that will contribute to providing solutions and services to Bahrain to enhance the competitiveness of the oil and gas extraction process, attracting investments contributing to the Kingdom's economic growth and vision for 2030.
Sheikh Mohammed stressed that the National Oil and Gas Authority (NOGA) and its subsidiaries are working under the directives of HM King Hamad bin Isa Al Khalifa who pays great attention to the development of the oil and gas sector, through the expansion of the use of the latest modern systems in exploration and production and benefit from international expertise in this field.
He praised the close cooperation between Bahrain and the US in the oil and gas sector that are steadily developing through the US oil companies in supporting the Kingdom's efforts in all specialized areas in the vital oil sector and in light of the long experience of these companies and their advanced modern technological systems.
The joint venture between ASRY and WoodServ will achieve further gains for the oil and gas sector in Bahrain, which WOODSERV brings leading tried and tested U.S.A. technology, engineering and expertise to Bahrain, he added.
The new joint venture combines ASRY'S local capabilities and facilities with WoodServ's leading expertise in bringing US technology and optimization solutions to Bahrain creating a local center of excellence.
The minister pointed out that both ASRY and WoodServ have worked hard to establish a joint venture to enhance investment in providing training and employment opportunities for Bahraini citizens.
It also contributes to creating harmony between the local capacities and facilities of "ASRY" with WOODSERV's experience in bringing US technology and creative solutions, resulting in the establishment of a distinguished service center in Bahrain that is capable of providing innovative solutions and extending the oil services of the region.
WoodServCEO Sam Kawa praised the outstanding capabilities and expertise of ASRY and appreciated the company's important role in providing high-quality services in the specialized fields of ship construction and repair, wishing the company success in achieving its aspirations for growth and prosperity.
Kawa noted that WoodServ aims to be the provider of innovative energy solutions in collaboration with ASRY, which has engineers with extensive experience in design, construction, operation, and maintenance.
He stressed that the company had invested in Bahraini talent through the recruitment of engineers graduating from the University of Bahrain and provided training opportunities in the US to gain direct experience in manufacturing, engineering and services, which in turn contributed in achieving high productivity.
He pointed out that the company has chosen Bahrain as its international headquarters because the Government of the Kingdom provides continuous support to various international companies.
Bahrain is considered a fertile ground for establishing many projects in a variety of fields, he said, wishing the Kingdom success and prosperity under its leadership. — Bahrain News Agency


Clic here to read the story from its source.