Saudi Aramco Signs Digitization Deal With Emerson

Press release
Published June 12th, 2017 - 09:21 GMT
The MoU was inked by David N. Farr, Emerson’s chairman and chief executive officer and Amin H. Nasser, Saudi Aramco's president and CEO. (Trade Arabia)
The MoU was inked by David N. Farr, Emerson’s chairman and chief executive officer and Amin H. Nasser, Saudi Aramco's president and CEO. (Trade Arabia)
Emerson, a global technology and engineering company, said it has signed an agreement with Saudi Aramco to collaborate on digital transformation for the global oil giant's operations in the kingdom.
 
The MoU was inked by David N. Farr, Emerson’s chairman and chief executive officer and Amin H. Nasser, Saudi Aramco's president and CEO, during the recently held Saudi-US CEO Forum in Riyadh.
 
It will help bring advanced digitisation and automation technologies to one of the leading energy and chemicals companies.
 
Emerson was one of several companies chosen by Saudi Aramco to promote bilateral trade and investment between Saudi Arabia and the US and to further cement the strong historic relations between the two countries. 
 
"This collaboration will aid in strengthening the digital transformation of Saudi Aramco," remarked Farr. "More doors will be opened for developing talent and training our workforce across the kingdom," he noted.
 
The agreement paves the way for Emerson to explore collaboration with Saudi Aramco in the following areas:  
•Use of Emerson’s Plantweb™ digital ecosystem, which utilizes the Industrial Internet of Things, wireless, and smart instrumentation technologies;
•Training for Saudi Aramco employees;
•Digital oil field initiatives; 
•Research and development of advanced applications for process automation;
•Consultancy services in the areas of reliability, energy conservation, and flow assurance; and
•Emerson’s Project Certainty initiative to help Saudi Aramco reduce costs and schedules for future projects.
 
As part of the agreement, Emerson will continue investing in the kingdom by training Saudi Aramco engineers and technicians through its educational facility and creating more jobs for Saudi locals, remarked Farr. 
 
The US engineering major will also provide Saudi Aramco with its operational certainty offerings which are designed to increase the reliability of existing facilities and get more value out of existing assets.  
 
Emerson’s continued support for Saudi Aramco is reflected in the development of its own facility in Dhahran Techno Valley that is currently under construction, he stated. 
 
The company is investing $25 million in this facility to provide support and services to the oil and gas, mining and other process industries across Saudi Arabia, he added. 
 
The Emerson facility will contain offices, training facilities for local talent development, a service and light manufacturing workshop, a technology and collaboration center, as well as laboratories specialising in control systems, flow metering technologies, and research and development. It is scheduled for completion in January 2018.
 
Source: Trade Arabia

Background Information

Emerson

Emerson, based in St. Louis, Missouri, USA, is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets through its network power, process management, industrial automation, climate technologies, and tools and storage businesses. Sales in fiscal 2010 were $21 billion.

Contact Information

Emerson
P.O. Box 17034
Dubai,
United Arab Emirates
Fax number
+971 (0) 4 886 5465

Saudi Aramco

Owned by the Saudi Arabian Government, Saudi Aramco is a fully-integrated, global petroleum enterprise and a world leader in exploration and producing, refining, distribution, shipping and marketing. The Company manages the largest proven reserves of conventional crude oil, 260.1 billion barrels, and the fourth-largest gas reserves in the world, 275.2 trillion cubic feet.

Saudi Aramco, through its affiliate, Vela International Marine Ltd, owns and operates the world's second largest tanker fleet to help transport its crude oil production, which amounted to 1.3 million barrels per day in 2009. In addition to its headquarters in Dhahran, Saudi Arabia, Saudi Aramco, through its affiliates, has joint ventures and subsidiary offices in China, Japan, India, the Netherlands, the Republic of Korea, Singapore, the United Arab Emirates, the United Kingdom and the United States.

Saudi Aramco also refines and distributes oil products throughout the Kingdom of Saudi Arabia to meet domestic daily energy demands.

Contact Information

Saudi Aramco
P.O. Box 5000,
Dhahran 31311,
Saudi Arabia
Fax number
+966 (0) 3 873 8190
Company email

PR Contact

Contact Name
Binan Souleiman

PR Rates

Buy credits to publish your articles on Al Bawaba Biz here

You May Also Like

Subscribe

Sign up to our newsletter for exclusive updates and enhanced content