Stork Technical Services, a provider of knowledge-based asset integrity services, and Qatar-based Oryx have entered into a joint venture agreement to provide services solutions to the oil and gas industries across the Middle East and North Africa
Both companies announced at ADIPEC 2013 that the joint venture, known as Stork Oryx Turbo Machinery Services, would provide solutions relating to process plants and turbo machinery.
The joint venture company will be based in Oryx's Engineering Solutions Centre in Ras Laffan Industrial City, Qatar.
The Netherlands-based technical services provider said the offering is aimed at providing fast, effective responses and short lead times for customers to help maximise their productivity and keep the downtime of installations to an absolute minimum.
Stork executive vice president – corporate development, Ronan Mooney, said, “This joint venture is to introduce high-end products in Qatar. We would offer comprehensive products and creative solutions to customers.”
Mooney added, however, that it was targeting markets other than Saudi Arabia, as US-based Cisco already operates in the country with a similar offering.
Stork turbo machinery vice president Richard Janmaat said, “We are looking at more projects especially with Shell in Doha.” Janmaat added that there was a huge potential to build up craftsmanship in Qatar.
Oryx managing director Abdulla Mannai said the deal demonstrated a commitment to provide locally based, world-class capabilities in repair, maintenance and overhaul of critical equipment.