SLB awarded 4 contracts by Aramco to develop 450 wells

Logo of Aramco 

Global energy technology company SLB, which is listed on New York Stock Exchange, today 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 contracts, SLB will manage end-to-end well construction services, delivering more than 450 wells in the three-year term, with an optional extension of up to two years, according to the company's statement.

"Delivering hundreds of wells across a multi-year program and in multiple operating environments requires an integrated model that connects planning, execution, and digital workflows to set new industry performance benchmarks,” said Steve Gassen, executive vice president of Geographies for SLB. “Awarding SLB these advanced well construction programs at scale reflects Aramco’s confidence in our integrated model and capabilities."

SLB's integrated well construction model brings together every aspect of well delivery through a technology-enabled operating model. It combines digital drilling workflows with automated drilling, evaluation, fluids, cementing, and completions products and services to improve efficiency, consistency, and well performance across diverse, large-scale drilling programs.

Building on decades of collaboration between SLB and Aramco, the awards represent a significant expansion of SLB's integrated well construction business in the Kingdom and underscore growing customer adoption of integrated delivery models.