SLB wins four Aramco contracts to build more than 450 wells in Saudi Arabia - trend.az

SLB has secured four significant contracts from Aramco to construct over 450 wells in Saudi Arabia. This substantial award underscores the Kingdom's unwavering commitment to bolstering its hydrocarbon production capacity, a critical component of its economic strategy despite ongoing diversification efforts under Vision 2030. For Aramco, this move reinforces its strategic imperative to maintain and potentially expand its output, ensuring its continued dominance as a global energy supplier. The contracts represent a major win for SLB, solidifying its market position and demonstrating its crucial role as a technology and service provider within the highly lucrative Saudi energy sector. This development highlights that while the GCC construction market, particularly in Saudi Arabia, is often associated with ambitious mega-projects and real estate, there remains a robust and continuous investment in core infrastructure supporting the foundational oil and gas industry.