Saudi Aramco has revealed plans to invest more than SAR 500 billion ($133 billion) in gas drilling and oil business during the coming 10 years, a top Aramco official has said.

Speaking at the first graduation ceremony for Saudi Arabian Drilling Academy (SADA) in Abqaiq, senior vice president for upstream Mohammed Al-Qahtani said that potential operations were considered part of the Saudi Vision 2030.

Founded in September 2016, SADA offers training programmes for a variety of roles, from rigman and junior services operator to skilled engineers.

“The concept behind SADA is unprecedented, where companies that operate in a competitive market agree to cooperate in a win-win approach and join forces for the good of the industry,” Aramco’s CEO Amin Nasser said.

“The academy will play a great role in increasing the share of local content in the energy-related products and services,” Saudi Aramco said via Twitter.

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