SLB Wins Four Multi-Year Well Construction Contracts from Aramco

Business Wire··SA·Read original
3▲2 ▼0Impact / 5
Summary · why it matters

SLB announced it has been awarded four integrated well construction contracts by Aramco to support oil and gas development across the Kingdom of Saudi Arabia. Under the three-year contracts, SLB will manage end-to-end well construction services and deliver more than 450 wells, with an optional extension of up to two years. The awards represent a significant expansion of SLB's integrated well construction business in the Kingdom and build on decades of collaboration between the two companies. SLB's integrated model combines digital drilling workflows with automated drilling, evaluation, fluids, cementing, and completions products and services. Steve Gassen, executive vice president of Geographies for SLB, said awarding these advanced well construction programs at scale reflects Aramco's confidence in the company's integrated model and capabilities.

Impact on assets 2

Energy▲ · 1 stocks
SLB N.V.
0SCL
▲ PositiveDemandrelevance

SLB awarded four multi-year integrated well construction contracts by Aramco covering 450+ wells.

Energy Transition & Power Demand▲ · 1 stocks
Schlumberger NV
SLB
▲ PositiveDemandrelevance

SLB awarded four multi-year integrated well construction contracts by Aramco covering 450+ wells.

Off-coverage companies 1

Saudi AramcoPrivate± Mixed
relevance

Aramco is the client awarding the contracts; no direct financial impact on Aramco is described.

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