Sunday, March 03
06:44 AM

SNF announces $250mn expansion plan in Oman


Muscat – SNF, world’s leading manufacturer of water-soluble polymers, has announced a major expansion plan worth $250mn in self-financing and partnerships in Oman.

With more than 1.5mn tonnes capacity of active content, France-based SNF is the foremost global supplier of integrated solutions for chemical enhanced oil recovery (EOR).

‘SNF expects to use these funds to further develop its production capabilities within Oman, meet infrastructure needs of its key clients, expand its workforce in the region and promote academic collaborations and research and development (R&D) activities in the oil and gas sector in Oman,’ the company said in a press statement.

In 2024, SNF plans to open its Regional SNF Technical Centre in Muscat, to be known as RSTC Oman, which will serve as SNF’s R&D hub for the entire Gulf region.

‘This facility expands the commitment of SNF in developing world-leading polymer expertise to support customers to achieve their production and sustainability objectives at every phase of oil and gas life-cycle,’ SNF said.

The new Technology Centre brings faster access to SNF global expertise, locally, allowing closer technology collaboration opportunities and more efficient regional project support. SNF will develop the capability of the Technology Centre through sharing expertise, training students and young professionals and the hire and training of local talent.

‘SNF takes pride in its long-term commitment to its partners in Oman, as it has demonstrated over the past 20 years through its continuous presence in the country and numerous industrial successes,’ the company added.

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