Saudi Aramco has signed a memorandum of understanding (MoU) with China University of Petroleum in Beijing (CUPB) to develop collaboration.
The two parties will examine opportunities for joint research in research and technology, education, and other issues. It marks the elevation of the Aramco CUPB co-operation from an informal partnership to a strategic level.
Aramco senior vice president of Upstream Mohammed Y. Al-Qahtani said: “The reason that we came to Beijing for the establishment of a R&D center is that we could tap into China’s huge resources of faculty, students, and researchers. We have rich experience in working with top-level universities and research institutes globally, and I hope to make this one among our many successes,” Al-Qahtani added.
Through the MoU, the two sides will establish a collaboration framework that would facilitate academic exchanges, and adopt novel technologies to handle upstream challenges.
“The agreement…solidifies what we have achieved before and will open a new chapter of collaboration to carry out new researches and studies,” said CUPB president Zhang Laibin. “I would comfortably say that we are among the top universities in China focusing on a wide range of all oil and gas related studies.
“One of our global strategy’s three top priorities is to contribute to the advancement of oil and gas industry and reduce our carbon footprint through collaboration with Saudi Aramco,” Laibin added, according to Offshore.