News

It has been a pleasure catching up with GD Energy Product's Riaz Jumabhoy, Vice President, Eastern Hemisphere, to discuss the MENA market at a time at which Aramco announced it has signed over US$25 bn of deals for its main gas network and Jafurah gas field.

Led by CEO, Larry Kerr and based out of their headquarters in Texas, the group has a track record of 160 years of specialisation in innovative pump designs and advanced manufacturing processes.  GDEP’s overhaul and rebuild service is a comprehensive maintenance offering for frac, drilling and well service pumps. Pump overhauls and rebuilds enhance site operations by optimising pump performance, extending service life, and preventing unexpected downtime.

GDEP opened an international sales facility in Nov 2021 in Dubai to increase customer service and support capabilities across the Eastern Hemisphere. The facility has a dedicated training center which provides a home for customer training and product experiences, as well as GDEP’s Pump University, a mobile classroom that travels to a customer's facility and trains employees how to properly maintain pumping equipment.

Aramco’s Jafurah project will require extraction methods such as those used in the shale gas industry - Jafurah is the kingdom’s largest unconventional non-oil associated gas field and is potentially the biggest shale gas development outside the US. It is anticipated that by generating 2 billion standard cubic feet per day of sales by 2030, will strengthen the Kingdom’s position as one of the top gas producers in the world.

The EIC (Energy Industries Council) DataStream project database is now tracking 176 energy projects in Saudi Arabia 2024 and the market value for the region is US$222 billion for the period to 2030:- 

• Oil & Gas (upstream, midstream and downstream) – US$131.3 billion (82 projects);
• Power and transmission/distribution – US$46.4 billion (54 projects); and
• Energy Transition (renewables, hydrogen, CCS, energy storage) – US$44.5 billion (40 projects).

HFI has recently updated the summer editions of its Saudi Arabia Ventures Initiative (SAVI) eGuidebook to support clients to navigate the Saudi energy market and this will be launched later this week. Copies of the SAVI eGuidebook are available from HFI's Client Relations Manager, Sally Reeves.