Key Energy Services Inc has formed a joint venture with AlMansoori Specialised Engineering of Abu Dhabi to provide well intervention services in the Middle East and North Africa.

The new enterprise, AlMansoori-Key Energy Services LLC, will be based in Abu Dhabi with Key and Al Mansoori each initially contributing capital as projects are identified and secured, a statement said, adding that the results of the venture would be consolidated by Key.

Established in 1977, AlMansoori is a leading provider of oilfield services in the Middle East.  It offers mechanical wireline services and specialises in well testing, wireline deployed completion services, and pipe and tubular inspection services.  Additionally, it provides a wide variety of other oilfield products and services through its subsidiaries and joint ventures.

Dick Alario, Key’s chairman, president and CEO, commented: “For several years, we have sought to establish an effective presence in the burgeoning Middle East market and, thus, we are excited to form this partnership with AlMansoori. We believe that our expertise in well intervention and our ability to mobilise reliable, fit-for-purpose equipment, together with AlMansoori’s regional infrastructure and customer relationships will allow the venture to grow with the opportunities developing in the region.”

A ‘great partner’
Alario described AlMansoori as a great partner and that Key was moving into the region at the right time.

Key Energy Services is the largest provider of onshore well service rigs in the world, based on current industry data. It provides a complete range of well services, including rig-based well maintenance, workover, well completion and recompletion services, fluid management services, pressure pumping services, fishing and rental services, wireline services and ancillary oilfield services.

The company has operations in all major onshore oil and gas producing regions of the continental United States and internationally in Argentina, Mexico and Russia. Additionally, it has a technology development group based in Canada and ownership interests in two oilfield services companies in Canada.