Saudi Aramco signed today with Halliburton the unconventional gas stimulation services contract to further improve the economics of its Unconventional Resources Program.
The deal will provide lump sum turnkey stimulation services which include major hydraulic fracturing and well intervention operations, the state-owned oil giant said in a statement.
“Over the past three years, Saudi Aramco has made great strides in developing our unconventional resources program, with emphasis on unconventional gas as an important clean energy source for the Kingdom’s future. Now, with this contract formalized today with Halliburton, we enter the important next phase of achieving our gas expansion objectives,” Amin H. Nasser, Aramco’s president and CEO said.
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