SLB to deliver more than 450 wells for Aramco under three-year contracts - World Oil

This significant contract award sees SLB tasked with delivering over 450 wells for Aramco under three-year agreements, underscoring the robust activity within Saudi Arabia's upstream oil and gas sector. For the GCC construction and infrastructure market, this deal is pivotal as it highlights Aramco's sustained investment in maintaining and expanding its production capacity, a cornerstone of the Kingdom's economic strategy and global energy supply commitments. The long-term nature of the contracts provides stability for SLB and its supply chain, signaling continued demand for specialized oilfield services and technology. This commitment to well development directly supports Saudi Vision 2030 by ensuring the energy revenues necessary for economic diversification, while also stimulating growth in related industrial and service sectors within the Kingdom.