Offshore drilling and production equipment manufacturer Dril-Quip Inc. will establish a R&D facility in Singapore for materials and products suitable for high pressure and high temperature applications, the company said Feb. 11.
About US$15 million will be invested in the facility, which is scheduled to open in 2017.
This will be Dril-Quip’s first R&D center outside the Americas, Lim Kok Kiang, assistant managing director of the Singapore Economic Development Board, said.
Dril-Quip Inc. is based in Houston.
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