On August 24, 2026, at the Paris Investment Roundtable, Saudi Aramco President and CEO Nasser officially signed cooperation agreements with multiple French companies, with a total value exceeding 3.7 billion US dollars. The agreement covers three major areas: procurement of drilling equipment, supply of oil well pipes, and cooperation in industrial AI and digital twin technology. From traditional oil and gas equipment to cutting-edge digital technology, the world's largest oil company is sending a clear signal to the market with a super order that spans upstream and downstream, stabilizing the fundamentals and seizing new opportunities.

$3.7 billion equipment order

The enterprise procurement agreement signed by Saudi Aramco covers drilling equipment and steel pipes for oil and gas wells, with a total value of approximately 3.7 billion US dollars. Among them, Schlumberger obtained the drilling equipment supply contract, and Valourek obtained the oil well pipe procurement agreement. These devices are the core materials for upstream oil and gas operations, and large-scale procurement means that Saudi Aramco is continuously expanding its exploration and development efforts. Saudi Aramco stated that the cooperation will enhance supply chain resilience, improve operational continuity, and create economic value for Saudi Arabia and France.

Industrial AI dual line layout

Saudi Aramco's digital company has signed a memorandum of understanding with Dassault Systemes to focus on industrial artificial intelligence, virtual twins, and digital twin technologies, exploring their applications in the oil and gas sector. Digital twins can create virtual models of physical assets based on real-time data for equipment monitoring, operational scenario testing, and fault prediction. Saudi Aramco has identified 442 AI application scenarios, of which over 200 have been deployed. By 2024, AI driven technology will achieve a value of $1.8 billion.

Speed up the integration of traditional technology

Saudi Aramco is positioning industrial AI as the core of its long-term technology strategy. Its AI system has covered the entire chain of exploration, drilling, production, and refining, and the Dalan Fourth Industrial Revolution Center collects over 5 billion data points from operations every day. The AI system of Fadili natural gas plant reduces the consumption of amine and steam by 10% to 15%, and reduces electricity consumption by about 5%. The $3.7 billion cooperation agreement is Saudi Aramco's latest move to deepen international technology cooperation and promote supply chain diversification. From equipment procurement to digital twins, the oil giant is simultaneously strengthening traditional tracks and paving new tracks. Keywords: Middle East news and information, oil and gas, industrial digitization

Saudi Aramco is transitioning from a traditional oil and gas company to a technology driven energy enterprise, and France's profound accumulation in industrial manufacturing, energy technology, and aerospace makes it the preferred partner for Saudi Aramco's cooperation. This collaboration may involve a consortium of multiple French companies, including upstream equipment suppliers, AI technology service providers, and system integrators. Not disclosing specific partners is not only a business practice, but also reflects Saudi Aramco's strategic emphasis on cooperation content. In today's era of energy transition and the wave of AI, Saudi Aramco has sent a clear signal to the market through this cooperation agreement. This $3.7 billion opening may just be the prologue to Saudi Aramco's technological transformation drama.Editor/Gao Xue