Saudi Aramco announced on Monday agreements with multiple French companies totaling more than $3.7 billion, covering procurement of drilling equipment, tubular goods for oil exploration, and a memorandum of understanding to explore industrial artificial intelligence applications.
The state-owned oil producer, the world's largest exporter of crude, disclosed the deals but did not name the French firms involved. The agreements include contracts for oilfield equipment supply and a framework to assess the use of AI and related technologies in industrial processes.
The company stated the collaborations aim to enhance operational efficiency and technological innovation in its upstream and downstream segments. The agreements were finalized on August 24, 2026, according to the announcement.
