Kellton Tech JV with Action Energy for GCC AI Energy Transformation
Kellton Tech EU Limited, a subsidiary of Kellton Tech Solutions Limited, has formed a strategic joint venture with Action Energy Company K.S.C.P. (AEC) to accelerate AI-led energy transformation across the Gulf Cooperation Council (GCC). AEC will hold a 51% stake, and Kellton Tech EU will hold 49%. The JV will focus on digital oilfield solutions, including Kellton's OPTIMA platform, and IT services across the GCC. Initial plans include establishing an office in Doha, Qatar, to expand into markets like Saudi Arabia, UAE, and Oman. This partnership aims to modernize operations, enhance decision-making, and unlock value for energy operators in the region by combining Kellton's AI and digital expertise with AEC's industry relationships.
Key Highlights
- Kellton Tech forms JV with Action Energy for GCC energy sector.
- JV to focus on AI-led digital transformation and energy modernization.
- Kellton Tech EU holds 49%, Action Energy 51% stake in the JV.
- Expansion plans include offices in Qatar and other GCC countries.
- Focus on deploying Kellton's OPTIMA digital oilfield platform.
Price Impact
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