Aramco enters upstream MoUs with foreign contractors

Offshore staff

RIYADH, Saudi Arabia – Saudi Aramco has signed seven memoranda of understandings (MoUs) with international companies to increase the efficiency of technology employed in the company’s upstream, downstream, and engineering services.

The co-operations include:

• Dassault Systems: Work on advanced materials and 4IR technologies.
• Baker Hughes: Artificial intelligence and digital transformation.
• BMT: The company plans to invest in fittings and valves manufacturing facilities in Saudi Arabia.
• Tubacex Group: This company will invest in pipe weld overlay and cladding services manufacturing facilities in-Kingdom.
• Pultron Composites: In this case, Pultron will invest in non-metallic glass fiber reinforced pipes manufacturing facilities in-Kingdom.

11/04/2019