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Saudi Aramco made deals with 14 U.S. companies with a total value of over $10 billion

28 March 2018 , 18:00Neftegaz.RUI639

New York, 28 March - Neftegaz.RU. Saudi Aramco signed deals worth over $10 billion with 14 American companies including major oilfield service providers like Schlumberger, Baker Hughes, Halliburton, ARO Drilling, and Weatherford.

 

The deal with Schlumberger is a corporate purchase agreement for downhole equipment and wellhead surface control equipment. Baker Hughes signed a deal for downhole equipment and services, while the deal with Halliburton was also for downhole equipment and services but also for well and rig services. Weatherford and Saudi Aramco signed a purchase agreement for well-testing services, while the agreement with ARO Drilling was for offshore drilling services.

 

During the Saudi-US CEOs Forum in New York, Saudi Aramco CEO Amin H. Nasser, said: «We have enjoyed a long and successful relationship with our US partners since the discovery of oil in Saudi Arabia more than 80 years ago... We are also looking at cooperation in infrastructure, manufacturing and services industries; all of which the U.S. is distinguished for and critical to managing and operating as well as growing an enterprise of Saudi Aramco’s scale.»

 

Nasser also participated in a panel discussion on Giga projects. He spoke on Saudi Aramco’s experience in the management and implementation of Giga projects, starting with the Shaybah development project, which came online producing 1 million barrels per day, moving to the gigantic Sadara project, the mega Jazan Refinery project, the King Salman International Complex Maritime Industries and Services project, and the game-changing King Salman Energy Park.

 

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