Energy, Oil & Gas

SLB secures four multi-year well construction contracts from Aramco

RIYADH
SLB secures four multi-year well construction contracts from Aramco

SLB, a global energy technology company, has secured four integrated well construction contracts from Aramco to support oil and gas development across Saudi Arabia, with the programmes covering more than 450 wells over three years and an option to extend for up to two additional years.

Under the agreements, SLB will provide end-to-end well construction services through an integrated, technology-enabled operating model combining digital drilling workflows with automated drilling, evaluation, fluids, cementing and completions services.

"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 said its approach is designed to improve efficiency, consistency and well performance across large-scale drilling programmes operating in diverse environments.

The contracts build on decades of collaboration between SLB and Aramco and represent a significant expansion of SLB’s integrated well construction operations in the Kingdom.

The awards also highlight growing customer adoption of integrated delivery models aimed at streamlining well construction and improving operational performance. -OGN/TradeArabia News Service