Emerson said Monday it signed an agreement with Saudi Aramco during the recently held Saudi-U.S. CEO Forum in Riyadh, for collaboration on digitalisation and automation technologies.
"This collaboration will aid in strengthening the digital transformation of Saudi Aramco," David Farr, Emerson’s chairman and chief executive officer said in a statement. "More doors will be opened for developing talent and training our workforce across the Kingdom."
Emerson said its agreement will involve collaboration with Saudi Aramco in several areas including the American firm’s Plantweb™ digital ecosystem, which utilises the Industrial Internet of Things, wireless, and smart instrumentation technologies, providing 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 Emerson’s educational facility and creating more jobs for Saudi locals. Emerson 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 development of its own facility in Dhahran Techno Valley that is currently under construction. 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. The facility will contain offices, training facilities for local talent development, a service and light manufacturing workshop, a technology and collaboration centre, as well as laboratories specialising in control systems, flow metering technologies, and research and development. The facility is scheduled for completion in January 2018.