Weatherford opens manufacturing and testing facility in Singapore
LOYANG, Singapore -- Weatherford International has opened its new multi-million dollar facility in Singapore, which will provide a strategic base for the company’s operations within the Asia Pacific region.
The base – which brings together the country’s 300-strong workforce under one roof for the first time – will incorporate manufacturing and technology, assembly and test, repair and maintenance, and warehouse facilities as well as administrative and office space.
Weatherford’s new four-storey development also has additional capacity, enabling the increase of staffing levels by 30% to 400 as the company continues to meet increasing demand for services across the region.
The development of the company’s new hub is in line with its expansion in the region, having outgrown a number of its facilities since it first established an operational base in Singapore in 1972.
Peter Fontana, Chief Operating Officer of Weatherford, said: “This development is critical to the ongoing success of our business within Singapore and will provide a base from which we can coordinate and expand our operations across the Asia Pacific region. We have identified significant growth potential in emerging markets such as Bangladesh, Brunei, Vietnam, Philippines and Myanmar and our investment in this new facility is a milestone in the evolution of our business in these key areas.
“Our previous footprint in Singapore was spread across 11 different buildings or plots in two primary locations. The new state-of-the-art facility will provide the platform from which Weatherford can continue to keep pace with economic growth and conditions and maintain its position as a market-leading oilfield services company.
“The investment in this new facility is recognition of the strategic importance of Singapore to Weatherford in realising its ongoing ambitions in the emerging markets of the Asia Pacific region.”