T-3 Energy ties up with Aswan
Posted: 10 March 2008
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Oilfield services company T-3 Energy Services has entered into a know-how license and technical services agreement with Aswan International Engineering Company, the company has announced.
Dubai-based Aswan, a member of the AL Shirawi Group of Companies, provides various services including manufacturing, repair and remanufacturing of oilfield products used by its customers operating in the Arabian Gulf and Middle East.
Under the terms of the agreement, Aswan will obtain from T-3 Energy technical know-how in order to repair, manufacture and remanufacture T-3 Energy’s licensed products in the UAE.
It will also provide Aswan the ability to re-supply T-3 Energy’s licensed products to the combined customer base located throughout the Middle East, including but not limited to Dubai, UAE, Oman, Qatar, Bahrain and Kuwait.
The licensed products include substantially all of T-3 Energy's products. The initial term of the agreement is for five years.
According to the company, this agreement helps solidify T-3 Energy’s physical presence in the Middle East and creates a means to provide the same responsive quality and value already provided in other regions in the world, that T-3 Energy has not been able to directly provide in this region.
“We have diligently been searching for a first class company operating in the Middle East to manufacture and provide aftermarket service of our products,” said Gus D. Halas, T-3 Energy, Chairman, President and CEO.
“With Aswan's impressive API operating facility located in Dubai, T-3 Energy will be able to provide companies operating in the Middle East a readily available source of T-3's OEM products along with a rapid response to their aftermarket service needs,” he added.
T-3 Energy Services, Inc. provides a broad range of oilfield products and services primarily to customers in the drilling and completion of new oil and gas wells, the workover of existing wells and the production and transportation of oil and gas. |
