Halliburton, the US oil field service giant, is in the final stages of building the first reactor plant for the manufacture of chemicals in King Salman Energy City “Spark” in Jubail, and production will begin in the first quarter of 2022.
Built at a cost of $100 million, the plant, according to company officials, has the capacity to manufacture broad slabs of chemicals for engineering processing programs for stimulation, production, transportation, storage and exploration.
Three of Halliburton’s senior executives on Monday held a workshop in the Eastern Province to introduce Saudi investors to the factory’s activity, investment opportunities and partnerships that can be implemented.
They emphasized that they will seek to benefit from Saudi human cadres to run the project’s work, as they are targeting a 70 percent localization rate.
