Scott-based ESP Resources Inc., which provides custom-blended chemicals to improve oil and gas production, has established an office in The Gold & Diamond Park Building in Dubai, United Arab Emirates.
The Gold & Diamond Park has completed a major expansion to its grounds to include over 120 manufacturing blocks and commercial space for well over 200 offices, according to a news release.
The new office and subsidiary, ESP Marketing Group, L.L.C., will serve as the Company’s hub for the operation for the petrochemical products and services through its existing distributor, BPT Americas, L.L.C., for the Middle East, including Northern Africa and Russia. The new location will enable the Company to focus initially on its existing petrochemical products and services business, but will also serve to facilitate new developing business with other multi-national oil & gas companies operating out of those regions.
The Middle Eastern oilfield chemicals market was estimated to be worth $1.9 billion in 2010, which will increase to $2.2 billion in 2015 and $2.7 billion in 2020.