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Borets strengthens its presence in the Middle East by opening a new ESP Service Center in Sultanate of Oman
29 October, 2017
Borets opened a new ESP Service Center in the Sohar Industrial Estate on October 29, 2017. The facility will assemble and service electric submersible pump (ESP) systems for oil and water wells. Borets will also install, commission, test and service the ESP systems in the oilfields.
The center was opened after Petroleum Development Oman (PDO) had negotiated a three-year US $105 million contract with Borets. Under the terms of the deal, which also has an option for a seven-year extension, Borets must establish the ESP Service Center in the Sultanate. The Center will provide training and job opportunities for Omanis, as part of PDO’s efforts to develop local skills and promote In-Country Value (ICV) in hi-tech areas of the economy.
The opening ceremony was attended by customer representatives, local authorities and Borets management, including His Excellency Dr. Ali Bin Masoud Al Sunaidy, Minister of Commerce and Industry, His Excellency Dr. Envarbik Fazelianov, Russian ambassador to the Sultanate, Lev Stulberg, Borets Chief Executive Officer and Raoul Restucci, PDO Managing Director.
“Oman was the first country outside the former Soviet Union, where Borets started its international operations in 2005 - that`s why the Sohar facility is not just one more project for us. We have put our hearts into its construction and we will apply our best efforts to perform all orders of our client with high quality and on time”, said Lev Stulberg.
Mr. Restucci said: “We are delighted that such a leading company as Borets has opened this new state-of-the-art facility in Oman which is already producing ESPs for our operations. We have worked hard to make this happen as factories like this will help create job opportunities, develop local technical capabilities, shorten our supply chains and reduce our costs”.