NOV Expands Ability to Deliver Market-Leading Tubular Technologies in Saudi Arabia
National Oilwell Varco today announced it has broken ground on two manufacturing plants that will significantly strengthen the Company’s market-leading positions in providing composite pipe technologies and tubular coatings within Saudi Arabia. Both facilities will be located at MODON 3 near the city of Dammam.
NOV has provided comprehensive tubular services to customers in Saudi Arabia for more than 40 years. The investment in a state-of-the-art 130,000 ft² facility will expand NOV’s legacy Tuboscope™ pipe inspection, repair, threading, and machining services to include internal and custom coating capabilities and the Company’s proprietary TK™ liner platform. NOV’s comprehensive coating capabilities, covering pipe from 2 to 24 in., will allow customers to extend the life of their pipe, enhance production, and decrease nonproductive time. The TK liner platform of glass-reinforced epoxy (GRE) coatings will cover pipe from 2 to 9⅝ in., providing customers in Saudi Arabia access to a new technology that extends the life of pipe. NOV will also provide customers with full life-cycle management of drill pipe through the TracID™ platform, which utilizes proprietary RFID technology.
Additionally, NOV is constructing a new, state-of-the-art manufacturing facility that will provide the Company’s market-leading composite pipe technology to the MENA region. The 260,000 ft² facility will establish NOV as Saudi Arabia’s first local manufacturer of high-pressure spoolable composite pipe. The operation will become part of NOV’s global network, supplementing a team of experts that provide lightweight, corrosion-resistant, engineered solutions from 12 existing manufacturing facilities around the world. The manufacturing complex will produce spoolable and jointed pipe, including the flagship line of Fiberspar™ spoolable products, STAR™ GRE high-pressure line pipe, and downhole tubing and casing.
Both facilities are expected to be operational in first quarter of 2018.
