Mubarak A. AlSuwaiket and Sons Oil & Gas Services Co. (MASO&G), a Gold member of the U.S.-Saudi Business Council, is a wholly owned subsidiary of AlSuwaiket Trading & Contracting Co., established in 1991 by its Chairman Sheikh Mubarak AlSuwaiket. The Council recently spoke with Mr. Abdulaziz Mubarak AlSuwaiket, Vice President at MASO&G, to discuss the company’s views on opportunities within the Kingdom’s oil and gas industry, MASO&G’s localization efforts, and other topics.
MASO&G is widely viewed as one of the top oil drilling companies in the Gulf. Can you describe a few of your services?
MASO&G operates within a wide scope of business activities, including oilfield drilling, marine vessel chartering, pipeline corrosion prevention coatings, well control services, completion and well intervention tools and services, frac water and produced water recycling, oilfield contaminated waste and NORM disposal, oilfield well drilling software, electrical cables coating, and predictive maintenance hardware and software.
Where does MASO&G see opportunities for growth and innovation for companies serving the upstream oil and gas business?
Alsuwaiket believes that sustainable solutions are vital not only to the health of our people and the environment but to every responsible business bottom line. With that in mind, MASO&G is actively pursuing strategic alliances with American and international companies offering new technologies in the domains of oilfield contaminated waste solutions, oilfield water recycling, corrosion preventative, and fire protection coatings. We are also always on the lookout for new technologies in our other business mainstays such as well completion tools and similar products and services that cater to the upstream business sectors.
Localization is an often-mentioned priority for both local and international companies doing businesses in the Kingdom. What is MASO&G doing to advance this goal?
In April of 2022, MASO&G announced an agreement with King Salman Energy Park (SPARK), the nation’s leading industrial ecosystem, to make a SAR 40 million investment to develop a factory to produce corrosion protection tapes made of polyisobutylene (PIB), an environmentally friendly viscous compound. In addition, MASO&G will establish an oil tools equipment manufacturing and service center in SPARK to support the Vision 2030 goals of localizing manufacturing while supporting job creation.
Why do you think MASO&G is an attractive strategic partner for U.S. firms seeking to enter the Saudi market?
AlSuwaiket’s leadership, experienced and highly qualified management and staff, coupled with its modern well equipped and centrally located manufacturing plants, warehouses, terminals, and facilities can be of immense benefit to companies willing to establish a base in the Middle East.