We at Haimo are proud and happy to announce our latest momentous victory on large quantity MPFM orders from ARAMCO. On this occasion we congratulate the entire Haimo family for their hard work in winning these orders against tough international competition. Along with the ongoing activities in the Kingdom, these repeat orders have further strengthened our deep commitment in meeting ARAMCO’s expectations. Rest assured that, with the strong support from ARAMCO, together with our local and international team, we will ensure an absolute focus in achieving seamless execution of these projects.
Haimo’s team in Saudi is continually engaged with ARAMCO in conducting on-going commissioning activities both onshore as well as offshore. In addition, the team is also ensuring timely maintenance meeting contractual requirements.
Based on the market forecast, there will be a significant increase in domestic energy demand in the Kingdom. To meet this and to free-up more of ARAMCO’s crude for higher-value application, natural gas has considered as an alternative, which is clean and more environmentally sustainable. ARAMCO has focused to exploit its untapped gas resources and potentially aim for a significant 50%+ increase in gas production by year 2030. Many major projects are aimed to meet this goal and unconventional gas resources is one among them, which is being developed as an alternative to the current gas resources.
While such activities keep the onshore a terrain busy, mega projects like Marjan also encourages us to look forward to more successful business potential in the offshore market segment.
Haimo is well positioned in addressing future needs of ARAMCO not only for oil but also for more challenging wet gas applications. These qualifications keep us far ahead of our competitors. Currently Haimo is working closely with ARAMCO expect many more bulk orders from the Kingdom.