Dril-Quip Asia Pacific Breaks Ground on its New HPHT Research and Development Facility in Singapore
Dril-Quip Asia Pacific officially broke ground on its new High Pressure High Temperature (HPHT) Research and Development Facility on February 21, 2017. The new facility will be located on an approximately 2.2 acre site located adjacent to the Company’s 11.2 acre Asia Pacific Headquarters at 80 Tuas West Drive in Singapore.
The groundbreaking ceremony was attended by representatives from the Singapore Economic Development Board (EDB), JTC Corporation and Jacobs International Consultants. The Guest of Honor, Mr. Lim Kok Kiang, Assistant Managing Director of EDB said, “We congratulate Dril-Quip on the groundbreaking of its state-of-the-art R&D centre in Singapore. This is Dril-Quip’s first R&D centre in Asia and will position it to capture new opportunities on the market’s upswing. The R&D centre also reinforces Singapore’s attractiveness as a trusted location for oil and gas equipment companies to undertake technological innovation.”
The Dril-Quip HPHT Centre will provide the facilities, staffing, and equipment test machinery to conduct the design, verification and validation of HPHT system requirements to meet stringent industry specification for HPHT equipment. Once fully staffed, the team will consist of approximately thirty individuals, many of whom will be in skilled positions such as engineers, designers and draftsmen, and lab technicians. A majority of the R&D team are in place now and HPHT equipment design work is well under way.
Speaking of the new facility, Dril-Quip’s President and CEO, Blake DeBerry said “The need is arising in the industry for drilling and production equipment that is capable of performing in HPHT environments and to accommodate higher loads with greater reliability. Our investment in HPHT R&D is a key element of our corporate strategy and the importance of the initiative necessitated that we align ourselves with trusted partners, with access to a highly skilled and motivated workforce and with potential development partners in local universities and research facilities. Therefore, all things considered, there is no better place for us to make this investment than Singapore.”