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Oman is getting a new wellhead factory: Oman’s oilfield services firm Hema Energy has inked an agreement with China’s oil and gas solutions supplier Shengji Group to develop and operate a wellhead manufacturing factory in Oman, Managing Director Azzan Asmi told Oman Observer. The facility is set to boost local supply chains and ensure the availability of critical spare parts locally, reducing downtime for end-users, Asmi said.
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The details: The factory will produce low- to mid-pressure wellheads with a capacity ranging from 2k to 5k pounds per square inch. The initial production rate will be 100 wellheads per year, with the aim of reaching 500 wellheads annually over the next five to seven years.
Who’s doing what? Shengji Group will serve as the technical partner in this project, leveraging its expertise in wellhead manufacturing, while Hema Energy will act as the local arm, ensuring market access and liaising with local stakeholders.
Eyeing exports: The factory will export later down the line, with plans to leverage Oman’s trade agreements with the US and Singapore, Asmi said.
It’s been a long time coming: Hema and Shengji Group have been in talks since last year about establishing a facility to meet Oman’s domestic demand and expand exports.
