Saudi Aramco announces commercial cooperation worth over $10 bn with 14 American companies

Saudi Aramco today participated in the event to promote bilateral business and cooperation between the two countries. The Forum was scheduled to coincide with the official visit to the United States by Crown Prince Mohammed bin Salman.

During the Forum a number of cooperation arrangements and prospective commercial collaborations were discussed.

Speaking today at the Forum, Saudi Aramco President & CEO Amin Nasser said:”The growth of Saudi Aramco`s operations and the strategic roll out of Saudi Vision 2030 will provide multiple opportunities for strengthening our collaboration and partnerships, not only in the oil and gas, refining and chemicals sector but also includes digital technologies and cooperation in the field of environmental conservation, climate change and the development of innovation through the establishment of relations with a group of leading American institutions in the academic, research and cultural, which are among the best in the world.

”We are also looking at cooperation in infrastructure, manufacturing and services industries; all of which the United States is distinguished for, and critical to managing and operating as well as growing an enterprise of Saudi Aramco’s scale.”

The commercial collaborations included: Schlumberger Ltd: A corporate purchase agreement for Downhole Equipment & Services & Wellhead & Surface Control Equipment.

Baker Hughes, A GE Company: A corporate purchase agreement for Downhole Equipment & Services.

Halliburton: A corporate purchase agreement for Downhole Equipment & Services including well and rig services.

Saudi Aramco Nabors Drilling (SANAD): An onshore drilling agreement.

Weatherford: A corporate purchase agreement for Downhole Equipment and a Well Testing Services contract.

ARO Drilling: An offshore drilling services agreement.

Emerson Electric Company: A corporate purchase agreement for Process Automation Systems, Remote Terminal Units and Control Values.

Texas Iron Works: A corporate purchase agreement for Downhole Equipment Services.

Honeywell International Inc.: A contract for Main Automation Contractor (MAC) services for a new Process Control System (or upgrade of existing ones).

Raytheon Company: An MoU to develop cybersecurity services.

Google Cloud: An MoU to jointly explore potential establishment of cloud services.

National Geographic: An MoU to initiate a new relationship targeting multiple media future collaborations.

Smithsonian Institute: An MoU to conduct joint research and scientific knowledge and the environment, sharing initiatives in addition to cooperation in cultural, content and curatorial partnerships.

Center for Strategic & International Studies: An agreement to advance joint research projects.

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