Joint venture agreement between Rawabi Oil & Gas and TDE Digital Ltd
TDE Digital entered into a joint venture partnership agreement on 16 January 2023 with Rawabi Oil & Gas (ROG) a subsidiary of Rawabi Energy.
The joint venture aims to significantly expand both companies’ capabilities in their respective field, as well as providing efficient and sustainable solutions to our clients, achieving a unique competitive advantage among the industry peers and to better serve our clients in the Kingdom of Saudi Arabia.
TDE Digital and Rawabi Oil & Gas have been collaborating since 2020. With ROG being the first company to introduce TDE proNova to the market in the Kingdom of Saudi Arabia, both companies look forward to further develop the local presence and capability to support their clients, innovate with industrial and academic partners, and further expand their in-country value generation.
Commenting on the signing, Gerhard Thonhauser, CEO of TDE Group said, “This initiative will not only allow TDE Digital to bring in the technology, expertise, and experience in digitalization to the country, but it will also further enhance TDE Digital’s supply chain to optimize our client deliverables and contribute to the sector’s decarbonization commitments. Our synergies are going to be so dynamic going forward and our market efficiencies will increase dramatically.
Rawabi Holding Group Executive Vice Chairman and Rawabi Energy Vice Chairman, Group President & CEO, Osman Ibrahim, said “Rawabi Energy is excited to partner with TDE as it will contribute to the further reduction of the carbon footprint in country, which is at the heart of Vision 2030 since its inception”
About TDE Digital. TDE Digital, a fully owned subsidiary of TDE Group, is a data-driven technology and service provider for the energy industry, at the forefront of digital transformation. TDE has been a provider of innovative technology solutions for more than 23 years with the aim to drastically enhance drilling and well production efficiency and reducing the CO2 footprint of oil and gas wells. More than 140 companies trust TDE’s products and services worldwide with unprecedented oil and gas expertise and digital domain know-how. TDE is utilizing innovative digitalization to help clients in the energy industry reach new levels of operational excellence which enables them to achieve their carbon neutral goals
About Rawabi Energy Building on over forty years of expertise, Rawabi Energy Company, was founded in 2020 as a closed joint stock company, headquartered in Al Khobar, Saudi Arabia to consolidate Rawabi Holding’s flagship companies, providing a wide range of high-tech patented technology services to the wider energy sector globally.
The company has emerged as a national champion within Saudi Arabia and expanded geographically by acquiring and partnering with selected international players, providing an extensive array of essential services to the energy sector.
About Rawabi Oil & Gas. Rawabi Oil & Gas is a subsidiary of Rawabi Energy, Rawabi Holding’s energy flagship, with the vision of making practical supply and service a reality in the oil & gas industry. Rawabi Oil & Gas is the agent and distributor for a vast portfolio of prominent international recognized manufacturers as well as joint-venture-based Oil & Gas and Petrochemical service and technology providers in the Kingdom of Saudi Arabia.
For further information
Rawabi Oil & Gas
Name: Ahmed Al Qadeeb -Rawabi Energy Managing Director
Phone: +966 13 824 9222
TDE Digital Ltd
Name: Jurgen Joman - Executive Director
Phone: +971 2 546 6681