Shaking on it: Saudi Arabian joint venture
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FMC and Shoaibi team up in Saudi Arabia
FMC Technologies has teamed up with the Shoaibi Group to form an equipment and services venture targeting the Saudi Arabian market.
The new venture, FMC Technologies Saudi Arabia, will manufacture surface wellhead equipment in Saudi Arabia.
In a joint statement, FMC said the venture will benefit significantly from Shoaibi Group’s strong operations and market expertise in Saudi Arabia.
“This represents a significant milestone in becoming more responsive to Saudi Aramco and to our ever-expanding customer base,” Don Underwood, FMC Technologies' general manager of Asia Pacific Middle East, said in the release.