SPETCO INTERNATIONAL PETROLEUM I PROFILE

“We have also pre-qualified on contracts in other areas in Abu Dhabi and continue to make major headway in positioning ourselves for upcoming contracts in the midstream facilities, and upstream services side.”

He added that SPETCO’s main priorities were enhancing its performance by expanding services offered and maximising contracts, while maintaining market share in service areas, such as well testing and sucker rod pumping provision. In 2018, SPETCO opened its fully automated pipe and structural welding and fabrication facility in Mina Abdulla, capable of high quality and high efficiency production. Initially catering only to SPETCO projects, this facility was targeted with the goals of supporting all oil and gas production facility and pipeline/flowline contracts in Kuwait.

The company remains committed to further regional expansion, having established a full-fledged office in Oman and currently positioning itself with Saudi Aramco.

Mr Azzouz confirmed: “We try to do this through local relationships as this is the best way to navigate the risk of opening in a new region.

“We want to bring the set-up and strengths that we have in Kuwait by taking the next step and replicating them in other areas and try to diversify our business risk.”

He said a key strength was being highly agile to meet client demands. “We delivered the JPF-3 expansion project 60 days ahead of time. That is the second expansion completed ahead of delivery: the first being 70 days ahead of time for a gas sweetening facility expansion. The challenge on these expansions is that you are doing work at live plants. Of course, safety is key, and we achieved both projects without incident, which is a credit to the synergies between our projects and operations teams.”

He advanced: “We are self-sufficient, meaning we have all the expertise in-house, enabling us to remain highly agile amid the pandemic. However, Covid has reshaped the working environment with people working more remotely, when necessary, which SPETCO is evolving with.”

Mr Azzouz said SPETCO was aligned and trying to get ahead of government pressure on industry to recruit locally. “It is a necessary stepping stone for the sustainability of Kuwait.

We have made strides and continue to push for local participation in our operations.”

While citing the company’s specialities in the facilities and well- testing sides, he said: “Our experience is strong, with inhouse capabilities, fully qualified teams and the ability to manoeuvre and adapt rapidly. One of our core strengths is in procurement and our ability to source, identify, and work with vendors globally. We are very proud to have long term relationships with key vendors around the world signifying our commitment to them as partners in our success.”

“We see ourselves as the premier local company in production facilities and oil field services. Being dependable, reliable and trustworthy on these fronts are replicated in our long-standing relations with clients and suppliers.”

He concluded: “We remain a forward-looking company. It’s a credit to our Chairman, CEO and COO Mr Eyas Jadaane: they are not looking at what is necessarily in hand, but where the company needs to be in five to ten years. We want to be relentlessly pushing forward and setting our sights higher.” n