Dubai PR Network, Online Press Release from Dubai and Middle East
 
(Energy and Industry)
Filter PR by
  
Siemens Energy Signs Long-term Service Contract With Aramco to Ensure Power Supply at Key Oilfields
 
Siemens Energy Signs Long-term Service Contract With Aramco to Ensure Power Supply at Key Oilfields
• 15-year LTSA covers power supply at four major oilfields
• Ensures lower emissions, improved reliability, and efficiency
• Develops local economy with training and jobs
 
March 31, 2021:   Siemens Energy has signed its first long-term service agreement (LTSA) with Aramco, covering a range of turbines and generators at four major oil fields. This contract is expected to enable Aramco to improve reliability, efficiency, and availability of power supply, thereby safeguarding oil and gas production. 
 
This 15-year contract will enable Aramco to benefit from Siemens Energy’s comprehensive warranties and extended service support, increasing the availability and the reliability of the power supply for these strategically important assets. Furthermore, Siemens Energy will ensure resilience by providing the necessary resources and material availability in the Kingdom to face in case of any emergency. 
 
“Siemens Energy is a strategic partner and a trusted service provider, that can ensure reliable power supply at these major oil fields, helping improve operational excellence and continuously enhancing the performance of our strategic assets,” said Mohammad Al-Shammary, Aramco VP of Procurement and Supply Chain Management .
 
The agreement with Aramco will also enable Siemens Energy to expand localization plans through the development of high-tech industry and training of a skilled Saudi workforce, to increase job expertise and raise domestic capabilities in Saudi Arabia, whilst benefitting the local economy.
 
Siemens Energy’s activities will meet the requirements outlined in the In-Kingdom Total Value Add Program (IKTVA), which was created by Aramco to baseline, measure, and support increased levels of localization.
 
“Siemens Energy is dedicated to providing and ensuring stable, efficient and resilient power supply to Aramco, while delivering value beyond the scope of the contract, by contributing to the local economy and developing the skills and employability of Saudi nationals,” said Mahmoud Sulaimani, Managing Director of Siemens Energy Saudi Arabia.  
 
Siemens Energy’s Service Workshop, formerly known as ISCOSA, is currently in the relocation phase to the Siemens Dammam Energy Hub, Siemens Energy’s largest gas turbine and compressor manufacturing facility in the region , which includes a full-fledged service set up to cover the entire product lifecycle. The Hub’s advanced Service Workshop is where any kind of rotating equipment can be serviced, from small repair work over pumps, gears to compressors, heavy generators, and large gas turbine rotors with their Hot Gas Parts. Our services cover general inspections, regular repairs, modifications & upgrades, and emergency services under 24/7 conditions.
 
“This long-term service agreement is expected to help achieve the highest efficiency, reliability and availability of Aramco’s plant, with optimized parts management and with a core local team dedicated to the plants’ needs. We wish to thank Aramco for trusting Siemens Energy and we hope that this long-term service agreement with Aramco will be the first of many,” said Gianluigi Di Giovanni, VP Generation & Industrial Service Middle East and North Africa, Siemens Energy.


Posted by : Dubai PR Network Editorial Team
Viewed 3989 times
PR Category : Energy and Industry
Posted on : Wednesday, March 31, 2021  4:10:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : ALEC Energy Secures Projects Yielding 10.4MWp
Next Story : The Ministry of Energy and Infrastructure and Etihad Rail Pa...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Meet the a La Rose Fragrances by Maison Francis Kurkdjian [5223-Views]
Carolina Herrera Presents the Ramadan Collection [5080-Views]
Long Fingernails Break Guinness World Records™ Title Before Cut [5031-Views]
Celebrate the Essence of Giving this Ramadan with LOOTAH Perfumes [4280-Views]
Police Ladies Collection [4120-Views]
Cosmotel Day 5 [3555-Views]
Fill Your Home With Swiss Arabian's Most Elegant of Bakhoors This Ramadan [3218-Views]
Ramadan 2021 – A Shining Celebration of Wonder [3153-Views]
Celebrate Ramadan with CATRICE [2944-Views]
Home Décor & Dining Selection For Ramadan [2714-Views]
Celebrate the Vibrant Colors and Festive Accents of Ramadan with Splash Collection [2706-Views]
Herbal Essentials: The Affordable Natural Skincare Regimen for Healthy Skin This Ramadan [2649-Views]
Special Edition Crescent Collection Launched by Titan Watches [2595-Views]
Purificacion Garcia - Ramadan Collection 2021 [2579-Views]
Ramadan Kareem from Pandora [2534-Views]
Celebrate the Holy Month of Ramadan With Nespresso [2341-Views]
Akhbar Al Aan Reveals a Fresh New Visual Identity and its New Positioning ‘The Story Belon... [2284-Views]
Ralph Lauren Debuts Team USA's Closing Ceremony Parade Uniform and Apparel Collection, Fea... [2230-Views]
Mouawad Celebrates the Holy Month of Ramadan [2206-Views]
Aster MIMS Kozhikode Offers Paediatric Surgeries Free of Cost to the Financially-Weak Chil... [2194-Views]
Ministry of Health Launches “Ma'kom in Ramadan” Program [2144-Views]
HyperX Now Shipping Alloy Origins 60 Mechanical Gaming Keyboard in EMEA [2103-Views]
Dubai Health Authority Holds Symposium to Conclude UAE's Month of Reading [2083-Views]
Al Majid Motors Seeks to Spread Joy this Ramadan with Special Offers Across KIA Line Up [1960-Views]
100 Days To Tokyo! [1931-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories