30 August 2007

AlMansoori joint venture creates largest and most technologically advanced drill pipe facility in abu Dhabi

Innovative leading oilfield services provider AlMansoori Specialized Engineering (MSE), has signed a joint venture agreement with Hilong Group of Companies of China to establish a drill pipe manufacturing plant and an Oil Country Tubular Goods (OCTG) Finishing Plant in Abu Dhabi.

The joint venture company will be named, AlMansoori Hilong Petroleum Pipe Company and will be located in ICAD-I in Abu Dhabi. The company will manufacture drill pipe with an annual capacity of 18,000 metric tonnes (MT) and an OCTG end finishing plant with a capacity of 50,000 MT, increasing to 100,000 MT within two years. This will be the largest technologically advanced drill pipe and OCTG end finishing plant in the region.

Mr. Abdulla Nasser, Chairman, Mr. Nabil Alalawi, Managing Director and Mr. Adel Baobaid, General Manager (Marketing & Joint Ventures) of AlMansoori Specialized Engineering and Mr. Zhang Jun, Director of Hilong along with his associates, Mr. Su Chen, Mr. Leonard Liu and Capt. Koh Chen Tien.

When complete, the company will specialize in drill pipe manufacturing, internal coating application for drill pipe and OCTG, hardbanding on drilling tools and OCTG finishing. The plant is well equipped with the most effective and high-tech oriented drill pipe assembly line, pipe coating line and OCTG finishing lines. The company will provide high quality products of all API standards and specially customized drilling tools with proprietary internal plastic coating, handbanding and OCTG pipes to customers in the region.

Hilong Group of Companies is a large Chinese conglomerate specializing in the manufacturing of petroleum pipe and petroleum equipment for both their local and international markets. The group is located in Hilong Industrial Park, Baoshan, Shanghai and is now well established as one of the foremost manufacturers and suppliers of drill pipes, OCTG and provider of coating services in China.

Adel Baobaid, director of the new joint venture company, said: "We have enjoyed a successful working relationship with Hilong and are looking forward to bringing together our technical expertise and engineering skills. The newly formed company will save our customers' time, resources and logistics as the drill pipes will be manufactured close to their operational base and need not be sent to the Far East for internal coating, for example.

"The blend of AlMansoori's infrastructure and long and established track record will bring substantial strength and value to the newly born company. We intend to be closer to the customer and the creation of an integrated drill pipe facility in the region will allow us to better serve and meet our customers' needs including a substantial improvement on a long delivery lead time to get their drill pipe supplied. We are looking forward to a very bright and prosperous future for both companies."


AlMansoori Specialized Engineering (MSE)AlMansoori Specialized Engineering (MSE) is the leading regional provider of oilfield services in the Middle East. Established in Abu Dhabi in 1977, the company now has more than 1,000 employees working in 20 countries providing a variety of oilfield services. AlMansoori Specialized Engineering provides the following oilfield services:

Slickline & Completions
Production Testing & Early Production Facilities
Drill Stem Testing
Tubular & Industrial Inspection
Underbalanced Drilling Technology
Cased Hole Logging & Perforating
Tubing - Conveyed Perforating
Mud Engineering & Fluid Filtration
Directional Drilling
Safety & Technical Training
Oilfield Supplies, Trading, & International Agencies
Manpower Supply
Oilfield Rentals

In addition, AlMansoori Specialized Engineering has entered into joint venture associations and licensing arrangements with several internationally recognised companies in order to provide a wider range of services to its clients. It has gained a reputation and the confidence of our valued customers by providing a complete range of products and services in co-operation with our Joint Venture partners and through our principals with whom we have established agency agreements in the different territories covered.

AlMansoori Specialized Engineering and its associated companies have modern, world-class facilities equipped with state-of-the-art technology and backed by well-qualified staff from more than 35 different nationalities to serve the needs of its clients.

AlMansoori Specialized Engineering is proud to be one of the few companies from the region to have an integrated Health, Safety, Environment and Quality management system. For further details visit our website www.almansoori.biz

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Lebanon Time-Line

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