CNPC wins Saudi Aramco’s biggest scientific investment

A subsidiary of China National Petroleum Corp (CNPC) active in engineering and technological researches officially signed a contract with Saudi Arabian Oil Company (Saudi Aramco) on a scientific research cooperation project in late February.

Themed on the research and application of intelligent drilling technology, the project was designed to be launched on Mar 1.

The signing of the contract marked the first time CNPC has landed a scientific research cooperation project with Saudi Aramco, which are often given to international large-scale petroleum engineering technology service companies.

It is expected that a CNPC scientific team will help Saudi Aramco draw the blueprints for its intelligent drilling technology in the next five years.

The top-level design of the scientific cooperation project started on Oct 20, 2017 and was the biggest investment in scientific and technological research and development that Saudi Aramco has made in the Asian-Pacific region in recent years. The project is considered an achievement under the alignment of the Belt and Road Initiative and Saudi Vision 2030.

(Executive editor: Hao Wen)