The Partnership will cover the Saudi Arabia and Bahrain markets
15 Jan 2019, Dhahran - Dynamic Energy and Vertechs have entered into an agency agreement spanning Saudi Arabia and Bahrain. The two companies have set out a strategy to introduce Vertechs Rigless ESP System into the Saudi Market in 2019.
The system utilizes wirelines but requires no rig or hoisting equipment to replace failed or sub-optimal ESP system. This significantly reduces the duration of locked oil & water potential and workover cost comparing to the traditional methods of ESP replacement.
Vertechs is an international, upstream, oil & gas service company that applies a synergistic and innovative approach providing solutions in cementing, drilling fluid products/systems & completion additives, downhole tools & equipment. The dedicated engineering team concentrates on combining unique technologies and expertise to deliver results to our clients.
Dynamic Energy is a Saudi Services and Material supplier to both the upstream and downstream sectors of the Oil & Gas, Petrochemical and Power industry within Saudi Arabia and neighboring Gulf States. Through its multiple international alliances with reputable technology partners and manufacturers, Dynamic Energy’s offerings have grown rapidly its incorporation. Dynamic Energy is continuously seeking out the latest technology applications in the Oil & Gas industry and aims to localize the manufacturing of such technologies in the Saudi Market.