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Tuesday, May 7, 2019
Weatherford inaugurated its new facility and office space in Cairo at the end of April. The new facility brought seven different company locations in Cairo into a single purpose-built facility. The cost-effective initiative is estimated to save approximately $1.5 million per year.
The inauguration ceremony was attended by Mark McCollum, Weatheford President and CEO; Mohamed Moanes, the Egyptian Ministry of Petroleum’s First Undersecretary for Gas Affairs; Abed Ezz El Regal, CEO of EGPC; and Eng.Osama El Bakly, CEO of the EGAS.
“Our company is operating in 90 countries around the world, we have around 30,000 employees and we serve operators in the most important oil and gas markets across the globe,” said McCollum. “We are excited to show you what we have been working on to better serve our customers as we open this base today.”
The new state-of-the-art 40,800-square-meter facility employs approximately 230 people and delivers various life-of-well technologies, such as drilling rental tools, tubular running equipment, liner hangers, cementing products, completion systems, managed pressure drilling (MPD), fishing tools, and a fully loaded and certified machine shop.
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