BAKU, Azerbaijan, September 25. Global energy
technology company SLB has secured four integrated well
construction contracts from Saudi Aramco to support oil and gas
development across the Kingdom, the company said on September
24.
Under the three-year contracts, SLB will provide end-to-end well
construction services for more than 450 wells, with the agreements
including an option to extend the contracts for up to two
additional years. The contracts will expand the use of SLB's
integrated well construction model across Saudi Arabia's oil and
gas reservoirs. The model combines planning, digital workflows and
execution, including drilling, formation evaluation, fluids,
cementing and well completion 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,” said Steve
Gassen, SLB's executive vice president of Geographies.
He added that the scale of the awards “reflects Aramco’s
confidence in our integrated model and capabilities.”
The company said the contracts build on its decades-long
collaboration with Aramco and represent a significant expansion of
its integrated well construction business in Saudi Arabia.
SLB's technology-enabled approach is designed to connect
planning and operations while integrating workflows and data across
different technical disciplines. The company says its digital and
AI technologies are aimed at improving operational performance and
enabling faster decision-making.
SLB describes itself as a global energy technology company
focused on oil and gas innovation, digital technologies,
decarbonization and the development of new energy systems. It
operates in more than 100 countries and has more than 70 technology
centers worldwide. The company has been operating in Saudi Arabia
for more than 80 years and says it currently works across 10 Middle
Eastern countries.
Aramco is one of the world's largest integrated energy and
chemicals companies, with operations spanning the hydrocarbon value
chain. Its strategy includes continued investment in upstream
operations, including oil production and the exploration and
development of conventional and unconventional gas resources.
As of the end of 2025, Aramco reported hydrocarbon reserves of
247.2 billion barrels of oil equivalent. In the first half of 2026,
the company reported total hydrocarbon production of 11 million
barrels of oil equivalent per day, including 10.2 billion cubic
feet per day of gas production. (Aramco)
The latest contracts therefore come as Aramco continues to
invest in its upstream portfolio, while SLB expands the deployment
of integrated and technology-enabled well construction services in
the Kingdom.
