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, 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.
The agreement was signed in Riyadh by Honeywell President and CEO Darius Adamczyk and Saudi Aramco President and CEO Amin H. Nasser during a series of meetings where the companies discussed the opportunities and benefits of leveraging Honeywell Connected Plant (HCP).
As Saudi Arabia continues to diversify its industries in line with Vision 2030, the introduction of IIoT technologies such as HCP and other connected process technologies from Honeywell UOP is playing a critical role in this transformation. 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.
“Having worked closely with Honeywell for the past six decades, we have established a unique professional relationship based on mutual trust, common goals, and shared commitment to our industries – a reflection of the strong relationship between Saudi Arabia and the United States. 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,” explained Nasser.
“We have always enjoyed a strong relationship between our two companies, working closely together to build, develop, and diversify Saudi Arabia’s oil and gas sector,” said Adamczyk. “This agreement represents a significant milestone toward connecting the processes, assets, and people to drive optimal performance for Saudi Aramco.”