Saudi Aramco Upstream Technology Company (SAUTC), a Saudi Aramco company, and Russia-based Lomonosov Moscow State University (MSU) have signed a memorandum of understanding (MoU) for research on upstream technology.
Pursuant to the terms of the MoU, both the entities will collaborate in the area of research, which will mainly focus on oil exploration and gas industry innovation with a specific focus on upstream technology. Both the stakeholders will also launch programmes and projects for developing new advanced materials applied in the oil and gas industry.
They will concentrate on devising new methods and techniques for reservoir and oilfield data acquisition, analysis and computational modelling.
As part of the collaboration, both parties will organise bilateral joint laboratories, workshops and conferences.
Plans are being considered to set up a new Saudi Aramco Research Center at MSU Science Park in Moscow.
Saudi Aramco upstream senior vice president Mohammed Al-Qahtani said: “In this era of accelerating technology and innovation, strategic collaboration between industry and academia is vital for impactful solutions to society’s most pressing priorities and challenges.”
Lomonosov Moscow State University vice-rector Andrey Fedyanin said: “Lomonosov Moscow State University has a vast experience of fundamental research in the areas of geophysics and geochemistry, digital modelling and big data analytics, and collaboration with Saudi Aramco will assist in turning theoretical ideas into practical developments and innovations.
“MSU welcomes the achievement of the milestone in partnership with Saudi Aramco, the world’s largest integrated oil and gas company. We believe that the signing of the MoU will give a new impulse for our cooperation.”
Headquartered in Saudi Arabia, Saudi Aramco is the state-owned oil company and employs more than 70,000 workers.