Chiswick Park Becomes Abode to Oilfield Service Companies’ Biggest Concentration
As per the revelations of a recent report, southwest London's Chiswick Park has now become a home to the biggest oilfield service company concentration outside Aberdeen.
The graceful business park is, seemingly, not a global oil and gas industry center. In fact, it along with its coffee bars, water features and landscape gardens has come out to be the largest home to Halliburton, Aker Solutions, Baker Hughes and Seadrill in the UK.
Halliburton and Baker Hughes have been growing in Europe aiming to drive the expected shale boom of the continent. They, reportedly, have been planning to use the same technology, which acted as an opener of North America's shale fields for the untapped shale reserves of Europe.
The report said that for numerous companies, Europe acted as their home. These firms, including Weir Group and Amec, have partaken in shale boom. Weir Group is an esteemed organization that supplies pumps to be utilized by US fracking fleets. On the contrary, Amec designs work for firms running in Utica and Marcellus shales.
"When you think of the services you need for shale development - manufacturing, logistics, supply chain and services at the drill bit - they just aren't in place on any great scale in Europe", said analyst, Christyan Malek, from Nomura.
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