Aramco signs MoUs with Russian drilling service groups

Offshore staff

RIYADH, Saudi Arabia – Saudi Aramco has entered nine memoranda of understanding (MOUs) with Russian contractors as part of its upstream strategy.

All were signed at the Saudi - Russian CEO Forum in Riyadh. Planned co-operations include:

• Gazprom Neft, to exchange technical knowledge for oil applications and identify mutual technical studies of interest.
• Chelpipe, to localize production of ball valves in Saudi Arabia via a joint venture with a local partner.
• Integra, a manufacturing facility for downhole drilling motors, drilling tools and bottomhole assembly components.
• Technovek, components and parts for wellhead equipment.
• PAO “TMK”, line pipe and components such as drilling, casing and tubing material. 
• Intratool, localized hot tapping, line stopping split tees, and repairs.

10/15/2019