Mumbai, July 7 -- Kellton Tech EU, a wholly owned subsidiary of Kellton Tech Solutions, has formed a strategic joint venture (JV) with Kuwait-based Action Energy Company (AEC) to accelerate AI-led digital transformation across the Gulf Cooperation Council (GCC) energy sector.
Under the agreement, AEC will hold a 51 per cent stake in the JV, while Kellton Tech EU will own the remaining 49 per cent. The venture has been established for an initial five-year term and will focus on delivering digital oilfield solutions, enterprise software, cloud computing, cybersecurity, enterprise resource planning (ERP), systems integration and managed IT services across GCC countries.
The JV plans to establish its first regional office in Doha, Qatar, before expanding into Saudi Arabia, the UAE and Oman.
A key focus will be the deployment of Kellton Tech's proprietary OPTIMA digital oilfield platform, which integrates artificial intelligence, workflow automation, real-time monitoring and asset performance optimisation to improve operational efficiency and support data-driven decision-making for energy operators.
Krishna Chintam, Director, Kellton Tech EU, said the partnership combines global technology capabilities with local market expertise to support large-scale enterprise transformation across the GCC. Ivan Chikunov, General Manager - Services & Business Development, Action Energy Company, said the venture aligns with AEC's strategy to digitally modernise oilfield operations and strengthen its position in the region's growing energy digitalisation market.
Published by HT Digital Content Services with permission from Construction World.