Aramco awards SLB five-year contract to support unconventional gas production growth

SLB has been awarded a five-year contract by Aramco to provide stimulation services for its unconventional gas fields as part of a broader multi-billion contract, supporting one of the largest unconventional gas development programmes 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.

“This agreement is an important step forward in Aramco’s efforts to diversify its energy portfolio in line with Vision 2030 and energy transition goals,” said Steve Gassen, Executive Vice President, Geographies at SLB. “With world-class technology, deep local expertise, and a proven track record in safety and service quality, SLB is well-positioned to deliver tailored solutions that could help redefine operational performance in the development of Saudi Arabia’s unconventional resources.”

These solutions provide the tools to work towards new performance benchmarks in unconventional gas development, with the agreement underscoring gas as a pivotal fuel for global energy demand and as a bridge to lower-carbon systems.

The signing bolsters SLB’s standing as a long-term technology partner in Saudi Arabia, where unconventional gas is poised to play an increasingly important role in meeting domestic energy demand and supporting lower-carbon energy pathways, with the company aiming to set new performance benchmarks in unconventional gas development by using automation and digitalisation to improve consistency, safety and efficiency at scale.

SLB continues to drive change in partnership with some of the biggest names in the global energy industry, with a focus on enhancing human capability and accelerating the energy industry’s digital evolution. Key focus areas include growth in cloud-based software, automation and data analytics, expansion of production and recovery services, and increased momentum in international upstream projects. 

Aramco continues to increase its natural gas production capacity significantly, aiming to support cleaner domestic energy use in line with broader energy diversification goals.