Jesco to make first seamless pipes delivery

Khobar, July 24, 2010

Saudi-based Jubail Energy Services Co (Jesco) said on Saturday it will make its first shipment of seamless pipes to state oil giant Saudi Aramco in the coming two weeks.

The plant, which will produce 400,000 tonnes per year of seamless pipes -- used in oil and gas drilling -- is located in Jubail on the Gulf coast.

Jesco is 51 per cent owned by Saudi Industrialization and Energy Services Co (Taqa). Taqa was established in 2003 and acts as a project developer and is involved in oil and gas exploration and drilling.

The firm started trial production in December.

Jesco said in an emailed statement that other orders have also been placed for the US. It did not provide further details.

Taqa said in a separate statement its affiliate Saipem Taqa Al-Rushaid Fabricators (STAR) has completed the construction of two offshore platforms.

STAR is 60 per cent-owned by Taqa Al-Rushaid for Marine Works (TAM) while Italy's Saipem owns the rest. – Reuters

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