SLB wins four Aramco well construction contracts in Saudi Arabia

SLB (NYSE: SLB) has been awarded four integrated well construction contracts by Aramco to support oil and gas development across Saudi Arabia, according to a company press release.

Under the three-year contracts, SLB will manage end-to-end well construction services and deliver more than 450 wells. Each contract includes an optional extension of up to two years.

The agreements expand SLB's integrated well construction operations in the kingdom. The model combines digital drilling workflows with automated drilling, evaluation, fluids, cementing, and completions services.

Steve Gassen, executive vice president of Geographies for SLB, said in the release: "Delivering hundreds of wells across a multi-year program and in multiple operating environments requires an integrated model that connects planning, execution, and digital workflows to set new industry performance benchmarks."

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