Borets Awarded Contract from PETROBEL

 

Dubai UAE – July 1, 2021 – Borets was awarded a $15.8M contract by PETROBEL, one of the largest companies working in the petroleum and energy sector in Egypt.

Under the two-year contract, Borets will provide electric submersible pumping systems (ESP) equipment and services.

“This award continues a 10-year success story with PETROBEL, with Borets currently the top ESP provider for PETROBEL with the largest well stock share in Egypt,” said Ramy Abdelaziz, Borets Regional Director, Africa Region.

About Borets

Borets provides electric submersible pump (ESP), progressing cavity pump (PCP), and horizontal pump system (HPS) products and services to the oil and gas industry that minimize artificial lifting and fluid transfer costs, and help maximize customer return on investment. As the only true vertically integrated provider, they are a global leader in centrifugal pump technology producing roughly 25% of the ESPs used worldwide. With 10 manufacturing facilities in five countries, they produce more than 12,000 systems annually and are the largest global supplier of ESPs by volume.