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Saudi Aramco Spends Big on AI to Boost Oil Output

Summary by Semafor
Saudi Aramco’s new supercomputer, meant to accelerate the search for new oil and gas deposits and enhance output from existing fields, costs $373 million. Once operational in early 2027, the system will offer seven times more compute capacity than Aramco currently has, enabling it to handle larger volumes of data for seismic imaging and reservoir simulations.The supercomputer, which is being developed with local firm Solutions by stc, is a clear…

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Zawya broke the news on Wednesday, May 6, 2026.
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