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The Saudi Arabian Oil Company, commonly known as Saudi Aramco, has announced that in 2025, artificial intelligence (AI) and cutting - edge technologies have delivered economic advantages that far surpass its initial expectations. These advancements have led to a reduction in drilling and maintenance expenses, while simultaneously boosting the production efficiency of oil wells.
At the World Economic Forum, Amin Nasser, the President of Saudi Aramco, revealed that the company anticipates achieving a "technology - realized value" ranging from $3 billion to $5 billion in 2025. When combined with the figures for 2023 and 2024, the total reaches an impressive $6 billion. In addition, Saudi Aramco has outlined plans to team up with hyperscale cloud service providers. This collaboration aims to further accelerate the widespread adoption and application of AI within the company.
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