BHGE, Qatar Petroleum ink deal for Qatar expansion
Baker Hughes (BHGE) signed a Memorandum of Understanding (MoU) with Qatar Petroleum (QP) to support QP’s Tawteen program and expand the firms’ reach in Qatar.
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The GE company, Bakers Hughes (BHGE), strengthens its commitment with Qatar through expanding its investment in services and technologies. The firm also supports QP’s Tawteen Program which aims to localize supply chain and support small, medium enterprise (SME) in the petroleum industry. Through the MoU, the two firms can also share best practices and boost oil and gas supply in the country.
CEO and chairman of BHGE, Lorenzo Simonelli believes that the agreement would strengthen the relationship of the two firms and expand their presence in Qatar. Simonelli added that the agreement will also create a vibrant environment to build a strong oil and gas ecosystem in Qatar.
The Minister of State for Energy Affairs, Qatar Petroleum’s Vice Chairman, Saad bin Sherida Al Kaabi also commented, “The Tawteen Program contributes to the development of the current approach of purchasing goods and services by creating more opportunities for local companies. The implementation of the Tawteen initiative will help develop local talent and expertise as well as introduce new technologies, services and products in Qatar. As a leading provider of exploration, extraction and refining technologies and services, BHGE is an ideal choice to support our local value add program.”
With the partnership of the two firms, BHGE continues to invest in the Turbomachinery & Process Solutions, Measurement & Control facilities, Oilfield Equipment and Oilfield Services to boost maintenance, condition monitoring, recertification capabilities and local manufacturing of the country. It also supports the BHGE Oil & Gas University program to hone the managerial and technical skills of Qatar’s labor force.
Currently, BGHE has three workshops and R&D in Qatar. It is also tied up with leading energy sector operators and considered as the largest single liner-hanger provider of Qatar.