Technology giant Honeywell said it has signed a deal with Saudi Aramco aimed at boosting co-operation in diversification of the kingdom's energy sector, and accelerating the benefits of the Industrial Internet of Things (IIoT) within Saudi Aramco’s operations.

As per the deal, the duo will jointly work 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 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, remarked Saudi Aramco president and CEO Amin H. Nasser after signing the deal with Honeywell President and CEO Darius Adamczyk.

The two companies held a series of meetings to discuss the opportunities and benefits of leveraging Honeywell Connected Plant (HCP).

HCP combines Honeywell’s unmatched industrial expertise, software, and cloud technologies to enable its customers’ operations to be more reliable, profitable, and secure than ever before, stated Nasser.

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, he added.

According to him, Saudi Aramco’s strategic objective is to collaborate with partners who are technology leaders and add strategic value to the company, sector, and the country as a whole.

"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 US," noted Nasser.

"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," he added.

Adamczyk said the Honeywell had always enjoyed a strong relationship with Aramco, working closely together to build, develop, and diversify Saudi Arabia’s oil and gas sector.

"This agreement represents a significant milestone toward connecting the processes, assets, and people to drive optimal performance for Saudi Aramco," he noted.

The relationship between Saudi Aramco and Honeywell has developed ever since Saudi Aramco purchased its first Honeywell product in 1948.

Since then, the two organizations have achieved a number of significant milestones such as the installation of Honeywell’s first distributed control systems at Saudi Aramco’s Safaniyah facility in the early 1980s and the opening of an integrated technical center in the Dhahran Techno Valley in 2012, he added.-TradeArabia News Service