SLB has secured a five-year contract with Aramco to provide advanced stimulation services for unconventional gas fields, supporting Saudi Arabia's energy diversification and transition efforts.

Target Information

SLB, a global technology company previously known as Schlumberger, has been awarded a significant five-year contract by Aramco, the Saudi Arabian national oil company. This agreement is primarily aimed at providing advanced stimulation services for Aramco's unconventional gas fields. As part of a broader strategy to leverage Saudi Arabia's unconventional gas resources, SLB's innovative approaches will play a crucial role in enhancing the Kingdom's energy portfolio and addressing global energy demands.

Through this collaboration, SLB will deploy cutting-edge technologies, including well intervention, frac automation, and advanced digital solutions. The focus will be on unlocking the potential of unconventional gas resources, which are central to the Kingdom’s energy diversification strategy and its Vision 2030 goals for sustainable energy transition.

Industry Overview

The oil and gas industry in Saudi Arabia is undergoing a transformative phase, wherein unconventional gas production is becoming increasingly pivotal. This shift is largely driven by rising global energy demands and the