One of the leading forces in Qatar’s maritime & logistics sector, Milaha will work closely with leading American oilfield services firm, Schlumberger to support projects under the nation’s ‘Tawteen’ initiative.
The Tawteen program which is led by the state-owned petroleum company Qatar Petroleum strives to develop an indigenous supply chain for the energy sector along with further investment opportunities to retain ‘economic value’ in the country.
The 5-year joint development project MoU signed by the offshore & marine pillar of Milaha will support the development of an indigenous oil well stimulation vessel fully owned, managed and operated by Qatar. The first of these vessels will be planned and equipped in the country, creating the inaugural ‘FLEXSTIM’ platform, which will be modified, owned and operated locally.
Initial preparation of the project as already underway with Pre-engineering while the rest of the project is expected to evolve during the final quarter of 2020.
Both Schlumberger, as well as Milaha, will benefit from the fully indigenous value chain created out of the joint with enhanced expertise.
With over 70 years of presence in Qatar, Schlumberger supplies the petroleum industry with several key services such as well testing and directional drilling, seismic acquisition and processing, well completions, artificial lifts and groundwater extraction.
Established in July 1957, Milaha is Qatar’s first registered public shareholding company. Its current portfolio includes port management and operations, logistics services, marine transportation in gas, petroleum products, containers and bulk, offshore support services, shipyard, trading agencies, real estate investments and asset management.