About Project.
Our customer is is a world-class manufacturer of wellheads and Christmas trees, industrial valves and systems for the oil & gas industry. Our customer provides integrated services including assistance and installation, maintenance and refurbishing.
The project deals with the set-up of a Joint Venture company in Egypt for the wellhead assembling and valve manufacturing, in association with a state-owned investor.
Background.
The Oil & Gas industry in Egypt has entered a new development phase, based on the encouraging results of exploration that is supported by high oil and gas prices on the international markets.
Scope of the joint venture and outcome.
The Joint Venture Company (JVC) is an industrial and commercial outfit selling products and services to the Oil & Gas industry in Egypt and abroad with a main focus on ball valves.
The JV relies on:
- The internationally recognized experience and brand of the foreign Investor
- The support and experience of the local Investor.
- The JVC has own resources and facilities for the maintenance, repair, assembling and manufacturing of ball valves and shop.
- The JVC imports or purchases locally those raw materials, semi-finished products, parts and components that are necessary to maintain and repair the Clients installed valves or to produce new ball valves.