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The company’s mechanical services onsite contributed most to revenues in the last fiscal year

The company’s mechanical services onsite contributed most to revenues in the last fiscal year



Pan Gulf Valvserve upbeat

New deals the company has won have put it in a position of strong growth and with positive moves completed or ongoing the momentum remains for further progress

October 2015

Pan Gulf Valvserve, operating in the Eastern Region (Jubail) of Saudi Arabia and which performs a range of valve, and related components, repair, maintenance and overhauling services including pipeline intervention, leaks and emissions control and mechanical services, has been successful in winning new oil and gas project works in Saudi Arabia’s Western Region.

This, in addition to its global contracts and eastern region activities and utilising its specialised equipment and techniques and its unique skills and ability, Valvserve expects a 40 per cent overall growth this year compared with the 2014/15 fiscal year, says general manager Alex Simmons.

The company, an enterprise of Pan Gulf Industrial Investment Company, has completed large-scale projects in the Western Region and Kuwait in pipeline intervention services (40-inch class 600 hot tap on high pressure oil; 22-inch + 20-inch double position line stops on heavy fuel oil; 36-inch class 150 and 28-inch class 150 hot taps onto crude and heavy fuel oil pipelines).

Valvserve, which is currently meeting budget expectations and sales targets, has completed three major projects on time and within budget, Simmons says.

Among its successful operations are mechanical services onsite, offered for shutdowns and turnarounds. This yields 60 per cent of the revenues (fiscal year April 2014 to March 2015).

It has just invested in new test benches for its three workshops in Jubail, Yanbu and Bahrain, and portable safety relief test benches for site services, which will ensure that it can expand capacity and grow the company further.

Besides looking to stabilise the company and continually grow through the addition of new complementary services, Valvserve will continue to invest in developing resources and growth expansion.

Renovations are currently ongoing in its Jubail facility, Bahrain operations has recently been relocated to a new and improved facility, negotiations are ongoing for a new workshop in Yanbu, and pipeline intervention agency agreements have been reached in Kuwait and Oman.

Simmons: projecting 40 per cent overall growth

Simmons: projecting 40 per cent overall growth

“We are in-kingdom service partners for the Mokveld range of valves, Solent and Pratt range of valves, HP Valve service partners, various OEM spares suppliers and pipeline intervention designers and suppliers. Other technical partner tie-ups are being negotiated,” Simmons says.

NEW FOCUS

Valvserve, which used to operate as a combined facility with a manufacturing focus, started operating as an independent company fully focused on services from the 2014/15 fiscal year. Subsequently, the development of control valve service capability has resulted in an increase in service offering for the company.

The majority of the company’s services include calibration and certification of valves for new-build projects, mechanical and instrumentation site services for control valves, safety relief valves and shut-off valves and pipeline intervention services such as hot tapping and line stopping (stoppling), he says.

Valvserve also increased its capacity for larger-sized valves which resulted in completing work on 96-inch butterfly valves, while previously the maximum size was only 66 inches.

“We have a team of skilled engineers and technicians who are able to deliver a complete range of services for mechanical, safety and control valves. The services range from vacuum to high pressure across a broad spectrum of sizes and pressure ratings,” Simmons says.

Customer satisfaction is a key aspect of Valvserve’s business model and the firm’s ambition is to expand its service portfolio to other related disciplines, with a targeted new service each year to 2020.




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