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A year on from our last conversation, we discuss the Kuwaiti oil & gas giant’s plans to broaden its horizons in 2018 and beyond  Writer: Jonathan Dyble Project Manager: Josh Hyland “When asked about SPETCO, I always like to emphasise the qualities that we hold as a Company,” says CEO Tareq Qaddumi. “We try, wherever possible, to ensure that we maintain the highest of standards, and I stress to my project managers out in the field to be perceptive of our clients, of our staff and of local communities.” Having spoken to Europe & Middle East Outlook a year ago almost to the day, SPETCO has achieved success that the Company itself had not even anticipated in the 12 months since. Having remained true to its core values and expanded upon its reputation as a high-quality vendor, the Kuwait-based oil & gas specialist’s ambitious nature has paid dividends, reflected by its latest core growth statistics. “We have seen our overall revenues grow by 64 percent in the last year, whilst the number of employees at the Company is also up by 12 percent. In terms of our geographical footprints, we have now established branches in Abu Dhabi and Erbil, with the vision that these will contribute substantially to SPETCO’s overall growth plan.” Surpassing expectation Much of this success has been manifested in SPETCO’s major projects, namely through the engineering, procurement and field installation of sucker rod pumping systems on 270 wells for the Company’s leading client, Kuwait Oil Company (KOC). “We were able to install all

Josh Hyland By Josh Hyland

SPETCO

Turnkey Project Execution Writer: Emily Jarvis Project Manager: Josh Hyland   Renowned in Kuwait and the surrounding region for its integral role in revolutionising the oil & gas industry, SPETCO is placing a concerted focus on its pioneering early production facility (EPF) expertise and other world-class technical knowhow that will help to expand the application of its service offering in the surrounding region. Previously operating under the guise of Safwan Trading & Contracting Company (SAFWAN) when first established in 1963 – prior to the eventual divisional spin-off in 2001 known today as SPETCO International Petroleum Company (SPETCO) – the family-owned Company is now reaping the subsequent benefits of this earlier diversification strategy; fulfilling the products, services and technology requirements of the industrial, commercial and oil & gas sectors in Kuwait. “We initially established ourselves as trading Company in the early 1970 to cater to the requirements of the oil & gas sector in Kuwait, but quickly realised that the sector required more local service companies, which led to SPETCO expanding its range of services in a continuous and phased manner,” recalls Tariq Qaddumi, Deputy General Manager (GM). “Today, these services are housed under three divisions; namely Oil & Gas Services, Oil & Gas Projects and a Commercial Division under which sits our fabrication and miscellaneous services.”  Differentiated by its turnkey offering and specialist niche value-add services, SPETCO’s proven ability to resolve complex problems across the upstream and midstream value chain – as well as the development and production of hydrocarbon reserves – is reflected in its portfolio of

Josh Hyland By Josh Hyland