Siemens, a global technology powerhouse, has signed a long-term service and maintenance contract with UAE-based gas company Dolphin Energy for its project in Qatar.

The Abu Dhabi-headquarted Dolphin Energy´s main shareholder is Mubadala Development (51 per cent), while the remaining shares are held equally by Total and Occidental.

A signing ceremony was held at Dolphin Energy’s headquarters in Abu Dhabi during which Adel Ahmed Albuainain, the CEO of Dolphin Energy, and Fatih Sakiz, CEO of Siemens Qatar, signed the contract in the presence of senior representatives from both companies.

As per the deal, Siemens will provide service and maintenance at Dolphin Gas Project in Qatar, to nine aero-derivative gas turbines from former Rolls-Royce Energy and the related nine  Dresser-Rand compressors for an additional 18 years.

“This order impressively underscores that we are on the right path with our acquisitions of Rolls-Royce Energy and Dresser-Rand. And we are gaining speed,” remarked Lisa Davis, a member of the managing board of Siemens AG and responsible for the Divisions Power and Gas, Wind Power and Renewables and Power Generation Services.

Through the acquisitions of Rolls-Royce Energy and Dresser-Rand, Siemens has increased its installed base six times to more than 120,000 units of gas turbines, steam turbines and compressors.

“Together, we not only have the biggest installed fleet in the industry worldwide, we are now also able to offer our customers from oil and gas and from industry a unique range of services – which opens up great opportunities,” Davis said.

The entire global service market for maintenance, repair, and operations of equipment in the oil and gas sector is continuously growing with an average annual rate of two per cent. In 2016, the volume is expected to reach $200 billion and in 2019 around $210 billion, according to an Industrial Info Resources projection from May 2015.

The Dolphin Gas Project comprises the production, processing and transportation of natural gas from the world´s largest known natural gas field North Field in Qatar.

Albuainain said: "This long-term service agreement places Dolphin Energy on an even stronger footing because it supports our efforts to ensure the sustainability, reliability and availability of natural gas exports to the UAE and Oman."

"It also builds on the existing strong relationship we developed with Rolls-Royce, which has now transferred to Siemens and continues to provide Dolphin Energy with direct access to the original equipment manufacturer, thereby providing us the best service available in the market," he added.-TradeArabia News Service