Aramco has announced agreements with a potential combined value of more than $3.7 billion with French companies.

These collaborative efforts are expected to strengthen Aramco’s supply chain ecosystem, enhance operational continuity and efficiency, advance industrial artificial intelligence and digital technologies, and deliver economic value to the Kingdom and France.

Amin Nasser, Aramco President and CEO, attended the French-Saudi Investment Roundtable Meeting, during which the agreements and MoU signed by Aramco and Aramco Digital were announced.

The collaborations focus on project support, capacity building and capability development, technology transfer and innovation, and supply chain resilience.

They include a procurement agreement for drilling equipment; a purchase agreement for oil country tubular goods (OCTG); and an MoU to establish a framework for collaboration in industrial AI, virtual twin/digital twin technologies, and related technologies, including potential applications in oil and gas.