SAUDI ARABIA; FRANCE —Aramco has entered into agreements and a Memorandum of Understanding with French companies covering activities with a combined potential value of more than $3.7 billion. The arrangements include a corporate procurement agreement for drilling equipment and a purchase agreement for Oil Country Tubular Goods (OCTG), supporting requirements within Aramco’s oil and gas operations.
Separately, Aramco Digital has established a framework for potential cooperation covering industrial artificial intelligence, virtual and digital twin technologies and related applications. The proposed technology collaboration includes potential use cases within the oil and gas sector.
The broader collaboration covers project support, capacity building and capability development, technology transfer, innovation and supply-chain resilience. Aramco expects these activities to strengthen its supply-chain ecosystem while supporting operational continuity and efficiency and advancing the use of industrial AI and digital technologies.
The development is relevant to oilfield equipment suppliers, OCTG manufacturers, industrial technology providers and companies involved in AI and digital-twin solutions. For Aramco’s supply chain, the procurement arrangements create commercial opportunities for French industrial suppliers, while the technology framework could expand applications of digital technologies across energy operations.
Aramco is an integrated energy and chemicals company with operations spanning oil and gas production, refining, chemicals and related energy activities. Aramco Digital focuses on digital technologies and solutions connected to industrial and energy-sector applications.
