Offshore staff
DHAHRAN, Saudi Arabia – Aramco has expanded its Aramco Namaat industrial investment program by signing 22 new memoranda of understanding (MoUs) and one joint venture (JV) agreement.
Companies involved are focused on capacity building in four key sectors: sustainability, technology, industrial and energy services, and advanced materials.
Veolia – Exclusive MOU on the commercial feasibility of establishing an integrated waste management company
Air Liquide, Haliburton, and PIF; Baker Hughes and PIF; and Linde, Schlumberger, and PIF – three separate non-binding MoUs to evaluate carbon capture and sequestration (CCS) opportunities and potential partnerships
AIC Steel, GSW, McDermott, Seyang and Sendan, and NARMEL – five separate MoUs on modular construction
Samsung Engineering, Hyundai, and Saipem – three separate MoUs on engineering, procurement, and construction
Honeywell – an MoU with the aim of creating a JV to develop and implement next-generation digital solutions to improve efficiency, sustainability, and operational strength in industrial facilities
Baosteel – an MoU to conduct an engineering study and develop plans needed to build, own, and operate an integrated steel plate manufacturing facility in Saudi Arabia
DHL Supply Chain – an arrangement to evaluate the feasibility of establishing a local industrial logistics and procurement hub serving Saudi Arabia and the MENA region.
Aramco and AVEVA also plan to form a digital transformation partnership. This will help AVEVA establish its largest digital hub in the Middle East, headquartered in Saudi Arabia, and likely lead to the creation of up to 300 new skilled jobs in the Kingdom by 2030.
The shared goals include harnessing the benefits of various digital technologies including artificial intelligence, machine learning, and data management, in part to support development and implementation of blue hydrogen and decarbonization facilities in Saudi Arabia in line with the Kingdom’s energy transition strategy.
Another target is to deploy predictive analytics technology across Aramco’s operating facilities to improve their reliability, performance, and safety.
AVEVA plans to offer its digital twin technology, said to combine asset design and predictive analytics in order to create an integrated, real-time data visualization center that can deliver insights, efficiencies, and identify new ways of optimizing performance.
09/08/2021
