Emerson and Saudi Aramco signed a digitalisation-focussed MoU

David N. Farr, Emerson’s CEO, and Amin H. Nasser, Saudi Aramco President and CEO, during the sign of the MoU (image courtesy of Emerson)

Emerson announced the signing a Memorandum of Understanding with Saudi Aramco during the recently held Saudi-U.S. CEO Forum in Riyadh, and it is focussed in bringing advanced digitization and automation technologies to che group’s companies.
The agreement paves the way for Emerson to explore collaboration with Saudi Aramco in the use of Emerson’s IIoT Plantweb™ digital ecosystem, 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, flow assurance and Emerson’s Project Certainty initiative to help Saudi Aramco reduce costs and schedules for future projects.
This agreement comes after the development of Emerson’s own facility in Dhahran Techno Valley, currently under construction. Emerson 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, and it is scheduled for completion in January 2018.