SLB Lands Massive Contracts from Aramco to Develop Hundreds of Wells

SLB (no ticker mentioned), an energy technology company, has secured four multi-year contracts from Aramco to support oil and gas development across Saudi Arabia.

The programmes will cover more than 450 wells over three years with the option to extend for up to two additional years.

Under these agreements, SLB will provide end-to-end well construction services through a technology-enabled operating model combining digital drilling workflows with automated drilling and evaluation 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.