Dril-Quip to open R&D facility in Singapore

Offshore staff

HOUSTON Dril-Quip Inc. says it is establishing a research and development facility in Singapore focusing on materials and products suitable for high-pressure/high-temperature applications

The new facility, which is expected to open in 2017, will serve as an additional hub for research and development activities for the company. The capital investment is expected to be about $15 million.

Lim Kok Kiang, assistant managing director of Singapore Economic Development Board, said: “Despite the challenging macroeconomic environment, we are delighted to have Dril-Quip establish its new R&D center here, which will be the company’s first R&D center outside the Americas.

“Dril-Quip’s investment attests to Singapore’s capabilities in R&D. Our engineering capabilities as well as strong manufacturing core make us an attractive location in Asia for leading oil and gas equipment companies.”

Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...