Honeywell and Saudi Aramco have signed a memorandum of understanding (MOU) that advances their long-standing cooperation, further supports the development and diversification of Saudi Arabia’s oil and gas sector, in line with the Kingdom’s Vision 2030, and accelerates the benefits of the Industrial Internet of Things (IIoT) within Saudi Aramco’s operations
The companies will work together to increase throughput, raise yield, and improve reliability of Saudi Aramco’s operations by leveraging Honeywell’s cloud-based services and predictive analytics solutions, Honeywell Connected Plant (HCP).
The new agreement will allow Saudi Aramco to enhance operational performance across its network of facilities while presenting significant opportunities for Honeywell to advance the adoption of the latest software industrial solutions.
“Saudi Aramco’s strategic objective is to collaborate with partners who are technology leaders and add strategic value to our company, sector, and the country as a whole,” said Amin H Nasser, CEO and president of Saudi Aramco. “This agreement represents a new platform to further enhance these efforts, and I look forward to this exciting chapter as we continue to leverage decades of global and regional experience in the sector.”
