AlMansoori Petroleum Services has signed a joint venture agreement with Key Energy Services, an American-based onshore energy production services company.
The joint venture will bring several new services to AlMansoori’s capabilities in coil tubing, workover rigs, pumping/cementing, fracturing and acidising, as well as see Key Energy services establish a base in the Middle East.
“Although AlMansoori has strong roots in the Middle East, the company’s international reach has consistently grown and North America has been a market that has become increasingly important to us,” said Nabil Alalawi, CEO of AlMansoori Specialized Engineering.
“This is Key’s first venture in the Middle East and AlMansoori’s reputation and experience in the region assures us that the partnership will be a successful one. The JV will enhance AlMansoori’s portfolio of Services to provide a very impressive and full service offering to the industry and we look forward to progressing further opportunities with AlMansoori in both the Middle East and North Africa,” added Don Weinheimer, senior vice president of production services at Key Energy.
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