Schlumberger said it has signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap in alignment with the kingdom’s economic vision for 2030.

The roadmap strengthens the deployment of Schlumberger technology, reduces regional delivery times for key products and services, and increases local capacity and deployment capabilities, Schlumberger said in the release. It also includes the creation of jobs and enables development opportunities for Saudis in oil and gas services and related sectors.