OREANDA-NEWS. "This order impressively underscores that we are on the right path with our acquisitions of Rolls-Royce Energy and Dresser-Rand. And we're gaining speed," Lisa Davis, Member of the Managing Board of Siemens AG and responsible for the Divisions Power and Gas, Wind Power and Renewables and Power Generation Services said.

Through the acquisitions of Rolls-Royce Energy and Dresser-Rand, Siemens has increased its installed base six times to more than 120,000 units of gas turbines, steam turbines and compressors. "Together, we not only have the biggest installed fleet in the industry worldwide, we are now also able to offer our customers from oil and gas and from industry a unique range of services – which opens up great opportunities," Davis said.

The entire global service market for maintenance, repair, and operations of equipment in the oil and gas sector is continuously growing with an average annual rate of two per cent. In 2016, the volume is expected to reach USD200 billion and in 2019 around USD210 billion, according to an Industrial Info Resources projection from May 2015.

The Dolphin Gas Project comprises the production, processing and transportation of natural gas from the world's largest known natural gas field North Field in Qatar. Dolphin Energy's main shareholder is Mubadala Development in Abu Dhabi (51 percent), the remaining shares are held equally by Total and Occidental.

Mr. Adel Ahmed Albuainain, Chief Executive Officer, Dolphin Energy Limited commented: "This long-term service agreement places our company on an even stronger footing because it supports our efforts to ensure the sustainability, reliability and availability of natural gas exports to the UAE and Oman. It also builds on the existing strong relationship we developed with Rolls-Royce, which has now transferred to Siemens and continues to provide Dolphin Energy with direct access to the original equipment manufacturer, thereby providing us the best service available in the market."