SLB has been awarded a five-year contract by Saudi Aramco to offer stimulation and associated companies supporting the Kingdom’s unconventional fuel growth program. The settlement kinds a part of a broader multi-billion-dollar initiative aimed toward increasing Saudi Arabia’s home fuel manufacturing capability.
Below the contract, SLB will ship superior stimulation companies, properly intervention, frac automation and digital options designed to enhance effectivity and restoration in unconventional reservoirs. The scope contains applied sciences centered on optimizing hydraulic fracturing efficiency and enhancing operational reliability throughout Aramco’s unconventional fuel fields.
The contract helps Saudi Arabia’s technique to develop fuel manufacturing as a part of its long-term power combine, supplying home demand and decreasing reliance on liquid fuels for energy technology. Unconventional fuel is anticipated to play a rising function within the Kingdom’s upstream portfolio over the approaching decade.
SLB mentioned the award displays its long-standing presence in Saudi Arabia and expertise deploying stimulation and digital applied sciences at scale in complicated unconventional developments.