Riyadh – 14th April 2026 – Saudi Energy (SE) and Kraken announced the signing of definitive agreements for a strategic partnership with Kraken Technologies Limited (Kraken), a global provider of an AI-powered operating system for the utilities sector. Artificial Intelligence (AI): Used to identify optimal drilling sites, forecast demand, and automate decision-making across operations. Internet of Things (IoT): Millions of sensors across pipelines and plants create live digital twins, enabling instant diagnostics and performance tracking. The client's operations were run in silos with many manual processes. Massive data from field sensors was not fully utilized. Smart Grids: Saudi Arabia is investing in the development of smart grids that enable real-time monitoring and management of electricity distribution. These grids enhance grid reliability, reduce energy losses, and enable the integration of renewable energy sources. In the oil and gas industry, digital transformation is helping to revolutionize how we supply energy to the world. The value of the contract is SAR 1. The project involves building advanced computing infrastructure to.
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