Aramco awards Halliburton multi-year gas contract in Saudi Arabia

Aramco has awarded Halliburton (NYSE: HAL) a multi-year contract to provide integrated stimulation and completion services for unconventional gas development in Saudi Arabia, according to a company press release.

The contract is part of a broader multi-billion dollar agreement supporting unconventional gas development in the Kingdom. Work under the contract is set to begin in the third quarter of 2026.

Under the agreement, Halliburton will deploy what it describes as the Kingdom's first fully integrated intelligent fracturing platform, using its OCTIV® Auto Frac and Sensori™ fracturing monitoring services. The company said these tools are designed to optimize fracturing performance in real time across multi-well campaigns.

"This award highlights our long-standing collaboration with Aramco and builds on more than 80 years in the Kingdom, while advancing unconventional gas development in the Kingdom," said Rami Yassine, president of the Eastern Hemisphere at Halliburton.

Development activities are currently underway in the Jafurah Basin. Halliburton said it plans to increase investment in local manufacturing, expand its supply chain, and grow workforce development programs within Saudi Arabia to support the program's scale.

The award builds on Halliburton's existing work across several of Saudi Arabia's unconventional plays, where the company already provides drilling and completion services to Aramco.

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