Schlumberger signs MoU with Saudi Aramco to progress localisation

sclumberger Silhouette of worker at the plant Copyright iuriiThe roadmap will progress the creation of jobs and development opportunities for Saudis. (Image source: iurii/Shutterstock)Schlumberger has signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap, in alignment with the Kingdom’s economic vision for 2030

The Schlumberger In-Kingdom Total Value Add roadmap includes the creation of jobs and enables development opportunities for Saudis in oil and gas services and related sectors. The roadmap also strengthens the deployment of Schlumberger technology, reduces regional delivery times for key products and services, and increases local capacity and deployment capabilities.

“For more than 75 years, Schlumberger has supported Saudi Aramco and the Kingdom of Saudi Arabia’s oil and gas industry through an unwavering commitment to train and develop Saudi talent, and through a comprehensive portfolio of technologies, execution of integrated projects, and world-class research collaboration,” said Paal Kibsgaard, chairman and CEO, Schlumberger.

Schlumberger’s in-country manufacturing capabilities include its Middle East Center for Reliability and Efficiency (CRE) in Dammam, inaugurated in 2016, which collocates maintenance and product center sustaining experts engaging in industry–leading maintenance processes. The Middle East CRE is the largest state-of-the-art facility in the Schlumberger network.

 

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