Aramco deepens French ties with $3.7 billion deals
Arabian Post Staff -Dubai Saudi Aramco has signed agreements with French companies carrying a potential combined value of more than $3.7 billion, expanding cooperation in drilling equipment, specialised oilfield products and industrial artificial intelligence. The agreements were announced during a Saudi-French investment roundtable in Paris on Monday, August 24, attended by Aramco president and…
Saudi Aramco has strengthened ties with France through a series of $3.7 billion agreements, focusing on drilling equipment, specialized oilfield products, and industrial artificial intelligence. These deals were disclosed during a Saudi-French investment roundtable in Paris, showcasing the countries' commitment to deepening industrial partnerships.
The agreements encompass a corporate procurement deal for drilling equipment and the purchase of oil country tubular goods (OCTG), which includes steel pipes crucial for oil and gas wells. Additionally, a memorandum of understanding was signed between Aramco Digital and French entities, paving the way for collaboration in industrial artificial intelligence, virtual twin technology, and digital twin applications within the oil and gas sector.
By integrating French expertise in engineering, industrial manufacturing, automation, and digital technology, Aramco aims to enhance operational efficiency, reliability, and supply-chain resilience. These partnerships are particularly significant given the company's ongoing investment in major upstream and gas projects, despite market volatility.
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- Aramco deepens French ties with $3.7 billion deals thearabianpost.com
- Aramco signs over $3.7bn in agreements with French firms english.ajel.sa
