Industry

TripleFast highlights commitment to localisation

TripleFast is committed to strengthening the regional supply chain, digital adoption and delivering high-quality solutions. (Image source: Adobe Stock)

Part of the Lonestar Group, the world’s largest manufacturer and provider of critical bolting, TripleFast is firmly committed to supporting the growth aspirations of the GCC countries

TripleFast plays a pivotal role in enhancing the local economy through its dedication to strengthening the regional supply chain, digital adoption and delivering high-quality solutions.

Steve Kettle, vice president APAC, said, “Our focus is on unlocking maximum value from the energy sector's resources, ensuring that we deliver tangible benefits to the economies we serve. By establishing domestic supply chains and nearshoring industry best practices, we aim to create opportunities for today's and future generations. This approach not only aligns with the future growth aspirations of the GCC but also helps mitigate the risks associated with diversification initiatives, reducing uncertainty and volatility.”

TripleFast's ethical and transparent business philosophy has been the cornerstone of the organisation’s operations in the Middle East for over 22 years.

Kettle said, “We strive to be a critical component and contributor to the GCC's transition and diversification ambitions. Our commitment to delivering high-quality solutions ensures that we meet the needs of our customers both in the region and globally.”

Integrating digital technologies

By integrating digital technologies, TripleFast ensures that it remains at the forefront of the industry. The organisation’s efforts to realise local content value through local production not only support the local economy but also contribute to the broader goals of the GCC countries.

Kettle concluded, “TripleFast's dedication to local production and delivering high-quality solutions underlines our commitment to supporting the economic growth and diversification aspirations of the GCC. We look forward to continuing our legacy as a key player in the region's development, ensuring a prosperous future for all.”

Advanced rigs

Abdulrahman Abdulla Al Seiari, chief executive officer of ADNOC Drilling, said, “These new island rigs will be the most advanced in the world, embracing artificial intelligence, the most tranformative technology of our generation. Our partnership with HH will amplify the creativity and ingenuity of our industry as we design and build these rigs of the future that drive efficiency and safety and deliver exceptional value for our customer ADNOC Offshore.”

Tayba Abdul Rahim Al Hashemi, chief executive officer of ADNOC Offshore, said, “This award will strengthen our partnership in the future as we work together to harness AI and innovation to maximise energy, minimise emissions and unlock significant value for stakeholders.”

Since the fourth quarter of 2021, ADNOC Drilling has invested more than US$2.2bn in building one of the largest integrated drilling fleets in the world, which is now expected to total at least 148 by 2026, including the three new rigs.