Saudi Aramco signs deals worth $10bn with US companies

28 March 2018
Agreements relating to various segments of the energy value chain were signed during New York event

Saudi Aramco has signed agreements worth $10bn with a number of US companies at the Saudi-US CEO Forum in New York.

A delegation from Aramco, led by CEO Amin Nasser, is touring the United States along with Saudi Crown Prince Mohammed Bin Salman.

The agreements that Aramco signed with the firms, and their commercial scope are:

  • Schlumberger – corporate purchase agreement for downhole equipment and services, and wellhead and surface control equipment
  • Baker Hughes, a GE company (BHGE) – corporate purchase agreement for downhole equipment and services
  • Halliburton – corporate purchase agreement for downhole equipment and services, including well and rig services
  • Saudi Aramco Nabors Drilling (Sanad) – onshore drilling agreement
  • Weatherford – corporate purchase agreement for downhole equipment and a well testing services contract
  • ARO Drilling – offshore drilling services agreement
  • Emerson Electric Company – corporate purchase agreement for process automation systems, remote terminal units and control values
  • Texas Iron Works – corporate purchase agreement for downhole equipment and services
  • Honeywell – agreement for Main Automation Contractor (MAC) services for a new process control system or upgrade of existing ones
  • Google Cloud – MoU to jointly explore potential establishment of cloud services
  • Raytheon Company – Memorandum of Understanding (MoU) to develop cybersecurity systems
  • National Geographic – MoU to initiate a new relationship targeting multiple media future collaborations
  • Smithsonian Institute – MoU to conduct joint research and scientific knowledge and the environment, sharing initiatives in addition to cooperation in cultural, content and curatorial partnerships
  • Center for Strategic & International Studies – agreement to advance joint research projects.

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