logo-en
  • Home
  • Companies
  • Investors
  • Opportunities
    • Home
    • SME Loans
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Viking to build manufacturing facility in Saudi Arabia

Viking to build manufacturing facility in Saudi Arabia

NOHA.GAD
Feb 18, 2025
Viking plans to establish a new manufacturing facility in Saudi Arabia to expand its operations in the Kingdom

Riyadh - Sharikat Mubasher: Viking Completion Technology, a global well completions and intervention tool design, manufacturing, and services company based in Dubai, plans to establish a new manufacturing facility and expand its operations within Saudi Arabia over the next two years.

These plans follow a series of high-profile successes in the Kingdom, completing five trial projects within 14 months, the company announced in a recent press release.

Once established with the required API and ISO certification and customer endorsements, the new facility will allow Viking to manufacture its entire portfolio of completion equipment, including Tubing Retrievable Safety Valves. In addition to manufacturing equipment for use in the Kingdom, this new base will export technology from the region to operators worldwide. 

Willie Morrison, Managing Director at Viking, commented: “Since 2021, we have committed to establishing a direct presence in Saudi Arabia, so it is fantastic for a wide range of our technology to have been implemented successfully and validate the Viking team’s efforts. The five trials completed over the 14-month period have been a massive step in the right direction for us and will be monumental in our long-term goals in the Kingdom.”

Viking utilized its expertise for projects across Saudi Arabia between September 2023 and November 2024. Of the five projects, three have concluded the trial test period and have progressed to commercial deployment, while the remaining two, installed in Q4 2024, are due to reach the end of the trial period in March of this year. 

For the trials, Viking supplied a variety of its API-certified technologies for high-pressure deep gas wells, including Production Packers, Completion Accessories, and a Long String Corrosion Remediation solution for cemented completions. Viking will continue the momentum with further trials in Q1 and Q3 2025, featuring its API 14A validated Sub Surface Safety Systems. 

Tags

Saudi Arabia
Expansion
Manufacturing facility
Share

Attract clients with your ad

Start Now

Trending

AICTEC, ZKTeco jointly form Noor Technology Company
MUBASHER
GACA licenses VistaJet to operate domestic flights within Kingdom
MUBASHER.SA
SDAIA certifies Talent Arena as Trusted AI Service Provider
MUBASHER.SA
Gathern raises SAR 270 mn in series b round Led by Sanabil
MUBASHER.SA
Saudi Arabia among emerging global economies in AI readiness
MUBASHER.SA

Related News

Investor News
Calendar Icon
Aug 19, 2025
Lenovo appoints Saudi executive team, expands regional presence
Read More
Investor News
Calendar Icon
Aug 17, 2025
Mitsubishi Power strengthens role in Saudi energy transition
Read More
Investor News
Calendar Icon
Aug 14, 2025
AI becomes core to PIF’s $912bn portfolio
Read More
Investor News
Calendar Icon
Aug 14, 2025
PIF delivers double-digit growth with AUM climbing to 19% by 2024
Read More
Investor News
Calendar Icon
Aug 13, 2025
Sohar International eyes majority stake in Neo Group Saudi
Read More
Investor News
Calendar Icon
Aug 12, 2025
Mubadala Capital backs Tahoe Therapeutics in $30mn funding round
Read More
Investor News
Calendar Icon
Aug 11, 2025
Impact46 invests SAR 25 mn in 5 MENA gaming studios
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • Opportunities
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher