The world’s largest oil services company and the world’s largest oil company are partnering to develop a digital platform to help decarbonize hard-to-reduce industrial sectors.

Schlumberger Ltd. and Saudi Arabian Oil Co. (Aramco) said this week that “the proposed platform will enable companies in sectors such as oil and gas, chemicals, utilities, cement and steel to collect, measure, report and verify their emissions, while evaluating different decarbonization pathways.

The announcement was made at the Schlumberger Digital Forum in Lucerne, Switzerland, where Aramco CEO Amin Nasser highlighted the importance of oil and gas investments alongside the global transition to a own.

“Aramco and Schlumberger hope to build on our long history of collaboration and partnership to deliver a digital sustainability ecosystem that enables global organizations to manage their carbon emissions and achieve ambitious sustainability goals,” said Olivier Le. Peuch, CEO of Schlumberger. “The Sustainability Platform will be a game-changer for the hard-to-reduce energy and industry sectors as they look to a low-carbon future.”

Aramco is aiming to achieve net zero Scope 1 and 2 greenhouse gas emissions across all of its wholly owned operated assets by 2050.

“This collaboration represents an unprecedented opportunity for both companies to leverage digitalization to address one of the most critical challenges of our generation,” said Aramco’s Ahmad A. Al-Sa’adi, Vice President Senior Technical Services. “At the same time, it would expand digital capabilities within the Kingdom of Saudi Arabia and leverage Schlumberger’s global reach to potentially have global impact.”

The platform would enable customers “to measure and report on baselines, targets, emissions, offsets and credits, helping them to more effectively manage their carbon footprint by increasing the availability and visibility of relevant data across a transparent and flexible solution,” said Schlumberger.

The company added that “Building on an open architecture, the platform will be extensible to other aspects of industries’ sustainability efforts, current and future, and will eventually include workflows such as sustainability and water management, methane emissions measurement, flaring reduction and prevention, and carbon capture and storage.

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