Dhahran, Saudi Arabia, April 25th, 2024 – TAQA and WellsX LLC proudly announce a groundbreaking collaboration agreement aimed to reshape energy sector by combining the expertise of TAQA with the innovative technologies of WellsX LLC, this partnership seeks to drive unprecedented efficiency, sustainability, and growth in the oil and gas industry.
The collaboration will leverage WellsX LLC’s cutting-edge digital ECO solutions and TAQA’s decades of experience in providing top-tier services to the energy sector. Together, they will provide and implement advanced technologies to optimize operations, enhance safety measures, and minimize environmental impact across the entire value chain.
“We are thrilled to join forces with WellsX LLC to pioneer the next generation of energy solutions,” said Rayed Al Eskandrani, Vice President of North Middle East at TAQA. “This collaboration represents a significant step forward in our commitment to innovation and sustainability, as we work together to address the evolving needs of the industry. We view it as a strategic initiative aimed at advancing sustainable clean energy development through the utilization of AI and WellsX’s digital ECO system solution suite. The partnership embodies synergy, enabling the delivery of unmatched digital drilling and well construction solutions to clients across the Kingdom of Saudi Arabia and the broader MENA region.”
WellsX LLC is equally enthusiastic about the partnership. “Teaming up with TAQA presents an incredible opportunity to drive positive change in the energy sector,” said Dr. Khaydar Valiullin, Vice President Drilling and Engineering at WellsX LLC. “By harnessing the power of digital technologies, we aim to unlock new levels of efficiency and performance, while also advancing the industry’s transition towards a more sustainable future and continuously leveraging local talents.”
Through this collaboration, TAQA and WellsX LLC are poised to deliver game-changing solutions that will optimize asset performance, streamline and automate operations, and enhance decision-making capabilities for oil and gas companies worldwide.
About TAQA:
Founded in 2003, TAQA is an international company headquartered in Dhahran & Abu Dhabi that offers leading well solutions for the energy industry and creates value and opportunity for all its stakeholders. With more than 6,000 employees in more than 20 countries, the company serves multiple markets. TAQA offers a complete well solutions portfolio that includes Coiled Tubing and Stimulation, Cementing, Wireline, Fracturing, Directional Drilling, Downhole Tools, Completions, Well Testing, Slickline, Inspection and Safety Services.
About WellsX LLC:
WellsX LLC is a pioneering digital solutions provider, specializing in industrial software solutions development and software services. WellsX team is leveraging cutting-edge technologies such as artificial intelligence, machine learning, and data analytics, the company is revolutionizing industries and driving meaningful change in the digital era. WellsX is a premier provider of industrial software solutions, specializing in Deep Physics, Real-Time Analytics, AI, and Automation. The company’s proprietary digital platform, ECO system, comprises a comprehensive suite of solutions designed to streamline the planning and implementation of drilling, construction, and energy production processes for Oil, Gas, and Geothermal wells.