The US-based oilfield service company, Premiere has signed an exclusive agency agreement with UAE’s leading oilfield services provider, AlMansoori.
The company said in a statement that “the agreement, first of its kind for both parties, covers the Middle East and North Africa (MENA) region for the sales of Premiere Torque Rings (PTR) and Tubing Running Services equipment.”
Premiere is a leading global oilfield service company specializing in safe and efficient casing and tubing services. It has been setting the industry standards for four decades by offering superior service and innovation to its growing global client base.
Mr. Reddy Godula, CEO of Premiere commented that, “We are proud to announce this major growth milestone for a small Houston-based company. AlMansoori has a large footprint and a proven track record of success.”
“Our expansion in the region will allow us not only to grow our client-base, but also to contribute to the US economy by boosting exports of the US-manufactured equipment, rather than importing components into the U.S. Houston has always been a major hub for top-notch energy innovation and, rightfully deserving its “energy capital of the world” title,” Mr. Godula noted.
The proprietary Premiere Torque Ring is an innovative, patented technology enabling semi-premium connection performance at a significantly reduced cost.
According to the company, the addition of PTR creates a positive shouldered makeup identical to a semi-premium connection, allowing the API-certified pipe to be run, rotated, and reciprocated at a significantly greater torque value without the thread damages risk.
Mr. Ibrahim Al-Alawi, Deputy CEO of AlMansoori stated that, “The race to close the gap between supply and demand has left operators in the Middle East and North Africa (MENA region) scrambling to secure enough materials and services to be able to deliver on their ambitious production growth targets.”
“To help them drill more wells quicker without being impacted by resource constraints we partner with innovative companies from across the globe to introduce productivity-enhancing technology that will ultimately save our clients time and money,” Mr. Al-Alawi further added.