SAUDI ARABIAN OIL COMPANY: MoU with Schneider Electric focuses on Fourth Industrial Revolution solutions

Saudi Arabian Oil Company issued the following announcement on Sept. 13.

Al Ghamdi, after signing a memorandum of understanding to pursue a variety of Fourth Industrial Revolution solutions under the Digital Transformation Program led by Saudi Aramco’s Technical Services. The agreement is one of many that have been signed with a variety of international industry leaders to support the 2020 Transformation Program and Saudi Vision 2030.

Saudi Aramco and Schneider Electric Saudi Arabia have signed a Memorandum of Understanding (MoU) regarding the Fourth Industrial Revolution.

Ahmad A. Al Ghamdi, manager of Saudi Aramco’s Process and Control Systems Department, signed the agreement under the Digital Transformation Program led by Technical Services senior vice president Ahmad A. Al Sa’adi. Najib A. Al-Naim, president of Schneider Electric Saudi Arabia, signed on behalf of Schneider Electric.

The MoU covers a wide area of topics thought to be disruptive to many industries, including oil and gas. The topics include Augmented and Virtual Reality, the Industrial Internet of Things, Big Data, Advance Analytics and 3-D Asset Virtualization. It will also look into power management systems and integrated manufacturing operations management.

Increasing research outcomes

Furthermore, the MoU will set goals to increase research outcomes in digital solutions, as  well as enhance Schneider Electric’s local presence — especially in solution development, manufacturing, and support. This will be reflected with more opportunities in talent development and training in areas related to the Fourth Industrial Revolution.

Al Ghamdi expressed his eagerness to explore many aspects of the MoU, emphasizing that there is always room for innovation and how it is important in our rapidly changing digital age.

This MoU is one of many that has been signed with companies and industry leaders to support our company’s 2020 Transformation Program and the Kingdom’s Vision 2030.

Original source: http://www.saudiaramco.com/en/home/news-media/news/mou-schneider-electric-fourth-industrial-revolution-solutions.html