Saudi's Sabic signs agreement for asset management

Bently Nevada, a Baker Hughes business, and Saudi Basic Industries Corporation (SABIC), have signed a five year strategic framework alliance agreement for the supply of asset performance management services through monitoring and machine asset protection services across more than 1,200 assets at more than 16 SABIC sites in the Kingdom of Saudi Arabia.

The alliance with SABIC will deliver localised maintenance, support, and more streamlined, assured access to Bently Nevada’s full suite of hardware, software and services, including the System 1 platform, said the companies in a statement.

“Our affiliates can utilise Bently Nevada’s strong track record in the domain of condition monitoring which will help boost SABIC’s asset management strategy while delivering local support, and knowledge transfer to our staff,” said Abdullah Al Garni, SABIC’s Vice President, Global Procurement Services in a statement.

The agreement will begin in October 2021 and will be implemented by “local talent” to enrich knowledge and expertise locally, said the companies in a statement.

“This alliance ensures SABIC will benefit from local in-country support and timely access to critical industrial asset performance management solutions to drive reliable, efficient operations,” said Ed J. Boufarah, vice president of Bently Nevada. 

Bently Nevada’s System 1 has 10,000 installations in over 90 countries. The company said the system extends asset lifecycles, and reduces non-productive downtime.