Essar Oilfield Services to set up regional base in Dubai Maritime City
Our Corporate Bureau
07 May 2007
Mumbai: Essar Oilfields Services Limited, a wholly-owned subsidiary of the Essar Group, will set up its regional base at the Dubai Maritime City DMC).
DMC, the world's largest and most comprehensive maritime complex, is strategically located to offer huge opportunities for maritime and oilfield service companies.
Essar Oilfields, which has interests in manufacturing, services, oil and gas, steel, power, telecom, BPO, shipping, logistics and construction sectors, will offer its expertise in oilfields, drilling and rig business at the DMC.
Essar Oilfields is currently carrying out refurbishment and upgradation of three deep-sea rigs at Jebel Ali, a company release said.
"We consider Dubai Maritime City a strategic location for our oilfields services business covering the Middle East and North African (MENA) regions, as well as the Central/ South Asian regions," Essar Oilfields Services' CEO N Ramesh said in the release.
The drilling business in the region offers a lot of promise considering the fact there is a gap of around 50 to 60 per cent between the availability and the requirements in the business, Ramesh said.
"Their (Essar Oilfields Services) professional expertise in shipping, oilfields and drilling services will provide a major boost to the wide gamut of services on offer at Dubai Maritime City," said, DMC CEO Amer Ali.