SLB Awarded 5-Yr Contract By Aramco To Provide Stimulation Services For Its Unconventional Gas Fields

• Five-year contract to drive innovation in stimulation, intervention, digital and frac automation
• Agreement underscores gas as a pivotal fuel for global energy demand and a bridge to lower-carbon systems

Global technology company SLB (NYSE:SLB) has been awarded a five-year contract by Aramco to provide stimulation services for its unconventional gas fields. This award is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally.

The contract encompasses advanced stimulation, well intervention, frac automation, and digital solutions, which are important to unlocking the potential of Saudi Arabia's unconventional gas resources — a cornerstone of the Kingdom's strategy to diversify its energy portfolio and support the global energy transition.