GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
• 15-year LTSA covers power supply at four major oilfields
• Ensures lower emissions, improved reliability, and efficiency
• Develops local economy with training and jobs
 
March 31, 2021:   Siemens Energy has signed its first long-term service agreement (LTSA) with Aramco, covering a range of turbines and generators at four major oil fields. This contract is expected to enable Aramco to improve reliability, efficiency, and availability of power supply, thereby safeguarding oil and gas production. 
 
This 15-year contract will enable Aramco to benefit from Siemens Energy's comprehensive warranties and extended service support, increasing the availability and the reliability of the power supply for these strategically important assets. Furthermore, Siemens Energy will ensure resilience by providing the necessary resources and material availability in the Kingdom to face in case of any emergency. 
 
“Siemens Energy is a strategic partner and a trusted service provider, that can ensure reliable power supply at these major oil fields, helping improve operational excellence and continuously enhancing the performance of our strategic assets,” said Mohammad Al-Shammary, Aramco VP of Procurement and Supply Chain Management .
 
The agreement with Aramco will also enable Siemens Energy to expand localization plans through the development of high-tech industry and training of a skilled Saudi workforce, to increase job expertise and raise domestic capabilities in Saudi Arabia, whilst benefitting the local economy.
 
Siemens Energy's activities will meet the requirements outlined in the In-Kingdom Total Value Add Program (IKTVA), which was created by Aramco to baseline, measure, and support increased levels of localization.
 
“Siemens Energy is dedicated to providing and ensuring stable, efficient and resilient power supply to Aramco, while delivering value beyond the scope of the contract, by contributing to the local economy and developing the skills and employability of Saudi nationals,” said Mahmoud Sulaimani, Managing Director of Siemens Energy Saudi Arabia.  
 
Siemens Energy's Service Workshop, formerly known as ISCOSA, is currently in the relocation phase to the Siemens Dammam Energy Hub, Siemens Energy's largest gas turbine and compressor manufacturing facility in the region , which includes a full-fledged service set up to cover the entire product lifecycle. The Hub's advanced Service Workshop is where any kind of rotating equipment can be serviced, from small repair work over pumps, gears to compressors, heavy generators, and large gas turbine rotors with their Hot Gas Parts. Our services cover general inspections, regular repairs, modifications & upgrades, and emergency services under 24/7 conditions.
 
“This long-term service agreement is expected to help achieve the highest efficiency, reliability and availability of Aramco's plant, with optimized parts management and with a core local team dedicated to the plants' needs. We wish to thank Aramco for trusting Siemens Energy and we hope that this long-term service agreement with Aramco will be the first of many,” said Gianluigi Di Giovanni, VP Generation & Industrial Service Middle East and North Africa, Siemens Energy.



Posted by : GoDubai Editorial Team
Viewed 4055 times
Posted on : Wednesday, March 31, 2021  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : ALEC Energy Secures Projects Yielding 10.4MWp
Next Story : The Ministry of Energy and Infrastructure and Etihad Rail Partner for Issuances of Safety Permits on...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Star International Mirdif Launches Covid-Friendly “Log In and Learn” Online Shor...
The Power of Love: Pandora Study Explores the Empowering Forces of Motherhood
Kalyan Silks' Biggest Showroom In Dubai Opens at Qusais
Glam for Eid with CATRICE
Sun-kissed Eid Look with Essence
Elevate Your Beauty Game With This Fresh Drop from NOTE Cosmetique
Embrace Effortless Beauty this Summer
Ambulatory Healthcare Services Announces the Opening of the SEHA Drive-Through S...
Join the Gold Rush at Tanishq Dubai This Akshaya Tritiya
Mashreq Posts AED 43 Million Net Profit for 1Q 2021
Safi Leads Moroccan One-Two on Closing Night of 2021 NAS Sports Tournament
Arab Bank Group Reports First Quarter 2021 Net Profit of $128.3 Million
Abu Dhabi University Welcomes Generations of Graduates to its Alumni Academy
Ajman University honors Renowned Journalist Mustafa Al-Agha for his Social Contr...
Global Village makes History by Breaking 25th Guinness World Records™ Title on S...
Weekend Max Mara SS 21 - Nature Stills
Celebrate EID Al-fitr With a Gift From Nespresso
Dubai Cares Pavilion at Expo 2020 Dubai to dazzle visitors with an immersive jou...
A New Royal Oak Offshore Diver Geared for Adventures
Philip Morris International Appoints André Calantzopoulos as Executive Chairman ...
No. FiftySeven Boutique Café Opens first location in Dubai
Wego Signs Partnership with Yas Island Abu Dhabi to Promote the Destination to U...
Be One of a Kind With Your Eid Lookbook and Gifting Guide From YOOX
InSinkErator and The Sustainable City Work Together to Enhance Management of Foo...
Agthia Group Announces 57% Increase in Q1 2021 Earnings Per Share and 17% Increa...
Samsung's EYELIKE™ Fundus Camera Repurposes Galaxy Smartphones to Improve Access...
Emirati Medical Innovator Joins Esteemed Judging Panel for James Dyson Awards 2021
Eros Group Expands its Brand Portfolio by Partnering with Ariston, Amazfit, Vaio...
Siemens Energy to Rebuild West Mosul's Super-Grid Station to Strengthen Iraq's N...
The Challenges and Fads of Digital Disruption
Juma Al Majid Est. Celebrates Ramadan With Exclusive Benefits on Select Genesis...
DC Aviation Al-Futtaim Sees 25% Increase in Private and Business Jet Activity in Q1
KPMG Lower Gulf Partners with Special Olympics UAE and Special Olympics Middle E...
Big, Better Bhima. One For all.
Dubai Customs Confirms Keenness to Boost Cooperation with Federal Government to ...
Airbus Reports First Quarter (Q1) 2021 Results'
Twitter Brings the Ability to Host a Space to all Accounts with 600 or more Followers
DAFZA's Non-Oil Foreign Trade Exceeds AED119 Billion in 2020
International Gemological Institute (IGI) Strengthens Consumer Confidence With I...
Empower is Fully Geared Up to Meet the Summer Demand
Galaxy S21 Series: Staying Connected to What Matters
Tesla Delivers Strong Q1 Result as Expected with Momentum Intact
Designed Around You: The Best Monitors for Home Use
Carrefour Lands a New Store at Dubai International (DXB)
Air Cargo Demand Reaches All Time High in March, up 4.4% Compared to Pre-COVID Levels
Philips Unveils New Lumea Series 9000, its Fastest, Most Efficient IPL Hair Remo...
UAE Ministry of Economy Working on New Legislation to Include 10 New Sectors to...
Lincoln's Middle East Sales Increase By 21% In The First Quarter of 2021
537 Activities by Authors and Creatives from 15 Nations will Edutain Young Reade...
BofA - Global Energy Weekly: Oil's EMerging Divergence