Recently, Sinopec Tech Middle East LLC (STME) and Industrialization and Energy Services Company (TAQA) successfully held a signing ceremony for the Partnership agreement at Dhahran Techno Valley, formalizing the execution of a Letter of Commitment for cooperation in foam cementing operations.

The agreement was signed by Dr. DING Shidong, President of STME, and Mr. Fahad Saleh Al Hadyani, Senior Vice President of Pressure Pumping & Stimulation at TAQA, under the esteemed presence of Dr. KE Ke, Vice President of STME, and Mr. Rayed Al Eskandrani, Chief Operating Officer of TAQA.

Under the agreement, for a cooperation period of no less than three years, STME, in coordination with Sinopec Research Institute of Petroleum Engineering (SRIPE) will provide TAQA with equipment, additives, and related professional technical services required for foam cementing operations. This cooperation reflects a strong alignment in technical expertise, business objectives, and market development strategies between the two parties, and supports the goals of Saudi Vision 2030 to enhance local energy service capabilities and strengthen the industrial value chain.

Established in 2003, TAQA is an international industrialization and energy services company providing comprehensive well life-cycle solutions to the global energy industry. Its service portfolio spans drilling, cementing, completions, stimulation, perforation, wireline, and related services. With operations in more than 20 countries, TAQA has built a strong presence in the Middle East and international energy services markets.

The signing signifies a high-level strategic collaboration between the two parties in frontier scientific research, technological innovation, and talent development, aiming to jointly advance progress in key areas such as energy efficiency and clean technologies.

Both parties noted that this agreement marks an important step forward in their cooperation. Going forward, STME and TAQA will focus on effective implementation of the agreement, strengthen technical exchange and business coordination, and jointly deliver reliable and efficient solutions to clients, contributing to the high-quality development of the energy services industry in Saudi Arabia and the Middle East.