Siemens signs long-term service agreement with Dolphin Energy Limited in UAE

A signing ceremony was held at Dolphin Energy’s headquarters in Abu Dhabi during which Adel Ahmed Albuainain, CEO of Dolphin Energy, and Fatih Sakiz, CEO Siemens Qatar, signed the contract in the presence of senior representatives from both companies.

“This order impressively underscores that we are on the right path with our acquisitions of Rolls-Royce Energy and Dresser-Rand. And we´re gaining speed,” says Lisa Davis, Member of the Managing Board of Siemens AG and responsible for the Divisions Power and Gas, Wind Power and Renewables and Power Generation Services. Through the acquisitions of Rolls-Royce Energy and Dresser-Rand, Siemens has increased its installed base six times to more than 120,000 units of gas turbines, steam turbines and compressors. “Together, we not only have the biggest installed fleet in the industry worldwide, we are now also able to offer our customers from oil and gas and industry a unique range of services – which opens up great opportunities,” says Davis. The entire global service market for maintenance, repair, and operations of equipment in the oil and gas sector is continuously growing with an average annual rate of two per cent. In 2016, the volume is expected to reach USD200 billion and in 2019 around USD210 billion, according to an Industrial Info Resources projection from May 2015.

Dolphin Energy’s major strategic initiative, the Dolphin Gas Project, involves the production and processing of natural gas from Qatar’s North Field and transportation of the dry gas by sub-sea export pipeline from Qatar to the UAE, which began in July 2007.

Mr. Albuainain commented: “This long-term service agreement places our company on an even stronger footing because it supports our efforts to ensure the sustainability, reliability and availability of natural gas exports to the UAE and Oman. It also builds on the existing strong relationship we developed with Rolls-Royce, which has now transferred to Siemens and continues to provide Dolphin Energy with direct access to the original equipment manufacturer, thereby providing us the best service available in the market.”

Thorbjörn Fors, CEO of Siemens Power Generation Services, Distributed Generation business unit, added: “The Dolphin Energy Project is vitally important to the Middle East region, and through our strong local presence there we intend to work very closely with Dolphin Energy to help ensure its gas compression equipment operates with high levels of efficiency, availability and reliability. We are committed to maintaining and growing the aero-derivative business by creating value for our customers through improved offerings and by using the best people, processes and technology available.”

The Siemens Industrial Trent is one of the most advanced aero-derivative gas turbines available today. The units powering the Dolphin Gas Project can provide up to 50 megawatts (MW) at 42.5 percent efficiency. The Industrial Trent, featuring Rolls-Royce Aero Engine technology, is ideally suited to meet the higher power, variable speed demands required by applications like natural gas liquefaction, gas transportation and gas injection for oil recovery. The DATUM® line of centrifugal compressors from Dresser-Rand is designed for maximum performance in all pressure and flow applications. Their unmatched efficiency, reliability, and ease of maintenance make them the most advanced turbocompressors available for the oil, gas, and process industries.

For further information on Division Power Generation Services, please see:
www.energy.siemens.com/hq/en/services/

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of combined cycle turbines for power generation, a major provider of power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2014, which ended on September 30, 2014, Siemens generated revenue from continuing operations of €71.9 billion and net income of €5.5 billion. At the end of September 2014, the company had around 343,000 employees worldwide on a continuing basis. Further information is available on the Internet at www.siemens.com.