State-owned Saudi oil giant buys Cambridge technology
Fullagar Technologies, a joint venture between TWI and Lloyd’s Register, has sold its first Acoustic Emission Hydrogen Cracking detection system (AEHIC) to Saudi Aramco – the state-owned oil company of the Kingdom of Saudi Arabia.
Over the past 85 years Saudi Aramco has become the world’s largest integrated oil and gas company and a world leader in hydrocarbons exploration, production, refining, distribution and marketing.
AEHIC will allow Saudi Aramco to identify instances where hydrogen cracking may occur or is already in progress. This will allow Saudi Aramco to manage the risk of potential unexpected failure, offering them greater control over the operation and performance of their assets.
The $60K deal is part of Saudi Aramco strategy to adopt AEHIC as the main technology for their GOSPs condition based maintenance plan.
This first sale comes as Fullagar Technologies continues to undertake pilot testing and laboratory trials of future products, which are now open for interested companies to enter into collaborative agreements as part of joint industry projects.
Fullagar Technologies is currently delivering three products to market; the Acoustic Emission Hydrogen Cracking detection system (AEHIC), the Beam Assure electron beam welding QA system, and the Corrosion monitoring non-destructive testing system.
The Fullagar Technologies and Lloyd’s Register JV aims to commercialise new innovative products and services in areas such as Condition Monitoring, NDT and welding quality control.