Bahrain – ASRY signs a joint cooperation agreement with Woodserv to...

Bahrain – ASRY signs a joint cooperation agreement with Woodserv to...
Bahrain – ASRY signs a joint cooperation agreement with Woodserv to...
(MENAFN – Akhbar Al Khaleej) Oil Minister: The agreement contributes to providing world-class services that enhance competitiveness in the process of extracting oil and gas

60% of Bapco’s expansion project completed despite challenges

Nawal Abbas wrote:

Sheikh Mohammed bin Khalifa Al Khalifa, Minister of Oil, Chairman of the Board of Directors of the Arab Shipbuilding and Repair Company (ASRY), confirmed that the Bapco expansion project has reached 60% of completion despite the challenges that the work faced due to the Corona pandemic, and most of the equipment that is currently being prepared and installed has been received with the help of And support those in charge of Bapco, who thank them for continuing to work despite the challenges. As for the liquefied gas port, it has begun its trial operation and there is no need to import gas while it tries to boost its production, with the presence of the port that strengthens the Bahrain site, while the gas ship The liquor was chartered while sailing the seas of America.

The minister pointed out that the exploration work in Bahrain Bay is now among the experimental programs, and the activity did not stop, but rather increased with the development.

During the signing of the Asry Company, a joint cooperation agreement yesterday morning with Woodlands Holding Company (Woodserv), the minister indicated that the authority seeks to increase the percentage of Bahrainisation through a labor law that encourages companies to choose Bahrainis instead of imposing it, especially that Bahraini youth are educated, ambitious and have proven their worth through The results of the work and its success. With the increase in economic activity in the oil field, many fields of work will be opened with the provision of activities for training Bahraini youth in the field of academic, professional and engineering work.

In the presence of Sheikh Mohammed bin Khalifa Al Khalifa, Minister of Oil and Chairman of the Board of Directors of the Arab Shipbuilding and Repairing Company (ASRY), ASRY signed yesterday morning a joint cooperation agreement with Woodlands Holding Company (Woodserv), with the aim of providing services related to the oil and gas industry in the Kingdom of Bahrain, by providing Integrated production solutions to maximize the recovery rate and accelerate production from unconventional resources.

The agreement was signed by Mazen Matar, Managing Director of “ASRY”, and Wissam Kawa, CEO of Woodserve, in the presence of a number of officials from the National Oil and Gas Authority, ASRY and Woodserv.

On this occasion, the Minister of Oil welcomed the signing of this agreement, which would contribute to providing world-class solutions and services to the Kingdom of Bahrain in a way that enhances competitiveness in the process of extracting oil and gas and attracting investments that contribute to the economic growth of the Kingdom of Bahrain and its vision for 2030. The Minister affirmed that the National Oil and Gas Authority All its subsidiaries operate under the sublime directives of His Majesty King Hamad bin Isa Al Khalifa, the monarch of the country, who pays great attention to the development of the oil and gas sector, by expanding the use of the latest modern systems in exploration and production and benefiting from international expertise in this field. .

The Minister of Oil praised the close cooperation between the Kingdom of Bahrain and the friendly United States of America in the oil and gas sector, which is witnessing continuous growth through the role played by the giant American oil companies in supporting the Kingdom’s efforts in all areas specialized in the vital and important oil sector and in light of what these companies enjoy. From long experience and advanced modern technological systems. The minister affirmed that the joint venture between “ASRY” and Woodserve will achieve more benefits for the oil and gas sector in the Kingdom of Bahrain. As it links the effectiveness of “ASRY” in providing services and continuous support to its customers and the experience of Woodserve in its global leadership in the fields of design, construction, maintenance and operation. This project results in an integrated production development for the oil and gas sector in the Kingdom.

The minister pointed out that both ASRY and Woodserv have worked hard and devotedly to establish this joint project in order to enhance investment in distinct capabilities aimed at providing training and employment opportunities for Bahraini citizens, in addition to creating harmony between the capabilities and local facilities of ASRY with experience. Woodserv is to bring American technology and creative solutions, to create a distinct service center in the Kingdom of Bahrain capable of providing innovative solutions and extending oilfield services to the region.

For his part, Sam Kawa, CEO of Woodserve, praised the distinguished capabilities and expertise that ASRY possesses, highly appreciating the important role the company plays in providing high-quality services in the specialized fields of ship building and repair, wishing the company all success and success in achieving the aspirations aimed at growth And the company is booming.

Sam Kawa pointed out that Woodserv aims to be the leading company and provider of innovative energy solutions in cooperation with ASRY, which has engineers and youth energies with extensive experience in the field of design, construction, operation and maintenance, stressing that the company has invested Bahraini talents in the past period through The employment of a number of engineers graduated from the University of Bahrain in addition to the assignment and appointment of some in the United States of America to gain direct experience in manufacturing, engineering and services, which in turn contributed to achieving high productivity.

Sam indicated that the company chose the Kingdom of Bahrain as an international headquarters for it, due to the continuous support and support provided by the government of the Kingdom of Bahrain to various international companies, as the Kingdom of Bahrain is considered fertile ground for the establishment of many projects in various fields, wishing the Kingdom all success, success and prosperity under its wise leadership. .

Mazen Muhammad Matar, Managing Director of ASRY, commented: “The agreement was signed today between ASRY and Wood Surf, which has a center in Bahrain and operates in the Kingdom of Saudi Arabia, the United Arab Emirates and Pakistan, and has branches in various countries of the world and the United States of America. The agreement is to benefit from the human energies, expertise and workshops in the two companies to serve the oil and gas sector, and then enable the oil sector to benefit from the services of the two companies and work to develop Bahraini engineers and engineers and develop their capabilities to serve joint projects between the two companies, in addition to developing engineering and manufacturing capabilities in ASRY company and take advantage of the progress of (Woodserv) company in the United States of America.

He added, “We are trying to re-modernize and restructure the company after the company became under the umbrella of the Oil and Gas Authority, through the development and development of the main businesses in ASRI, and the service and maintenance of ships and drilling platforms for oil and gas and expansion in that, noting that the modernization and development of the family will lead to service.” New sectors, and what has happened today is the first results of the new strategy through the development of a family business sector to serve the oil sector, and we are looking in the near future to develop what is in the family of new basins, modernize some equipment, and develop the family’s infrastructure in terms of developing electrical and mechanical equipment. It has been worked on in the last period and we have received almost 5 new sectors that have been developed, such as welding machines, lathe machines, re-lighting all family facilities and improving the level of night shift services, at an estimated cost of 30 million dollars. About 10% of it has been utilized so far, and we have finished the first phase. In 2020, we will start in the second phase, which will continue until mid-2021, while the last phase will end in 2022.

On the impact of the Corona pandemic on the workflow in my family, he says: “Corona has affected the functioning of the family by virtue of the family’s connection with foreign work and experiences around the world, especially in the last month of May and June, but we returned in September to the production capacity before Corona because the maritime sector was not significantly affected. By virtue of the constant movement of ships.


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