SLB Secures Four Integrated Well Construction Contracts from Aramco
Global energy technology company SLB has announced that it has been awarded four integrated well construction contracts by Aramco to support oil and gas development activities across the Kingdom of Saudi Arabia. The agreements expand SLB’s role in Aramco’s large-scale well construction programs and are expected to cover more than 450 wells over a three-year contract term, with an option to extend the agreements for an additional two years.
The contracts will see SLB provide an integrated, end-to-end approach to well construction. Under the model, the company will combine planning, drilling, evaluation, fluids, cementing, and completion services through a technology-enabled operating framework. The approach is designed to improve coordination across different stages of well delivery while supporting greater efficiency and consistency throughout large-scale drilling programs.
The latest awards represent an expansion of SLB’s integrated well construction business in Saudi Arabia. The company has worked with Aramco for decades, and the new contracts build on that established relationship while increasing the scale of integrated services being delivered in the Kingdom.
“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,” said Steve Gassen, executive vice president of Geographies for SLB. “Awarding SLB these advanced well construction programs at scale reflects Aramco’s confidence in our integrated model and capabilities.”
Supporting Large-Scale Well Development
Well construction is a complex process involving multiple technical disciplines and stages. Effective coordination between these activities is important for managing drilling programs, maintaining operational consistency, and meeting project schedules.
SLB’s integrated well construction model is intended to bring these elements together through a single technology-enabled operating approach. Rather than treating individual well construction activities as separate services, the model connects workflows across planning and execution.
The company combines digital drilling workflows with automated drilling, formation evaluation, drilling fluids, cementing, and completion technologies and services. By integrating these capabilities, SLB aims to create a more connected process for delivering wells at scale.
The approach can also help operators manage large drilling programs across different operating environments. With more than 450 wells included in the initial three-year term of the contracts, the scale of the program will require coordination across multiple projects and operating conditions.
Digital Technologies at the Core
Digital technology is a central component of SLB’s integrated well construction approach. Digital drilling workflows can connect planning and operational data, helping teams coordinate activities throughout the well construction process.
Automation is also incorporated into the company’s offering, with automated drilling technologies designed to support drilling operations alongside evaluation, fluids, cementing, and completion services.
The combination of digital workflows and automated technologies is intended to improve consistency across large numbers of wells. For an operator undertaking a multi-year drilling program, standardized processes and integrated data can support coordination and help identify opportunities to improve execution.
SLB’s model therefore focuses not only on individual technologies but also on how those technologies and services work together throughout the lifecycle of a well.
Expanding Integrated Delivery in Saudi Arabia
The four contracts mark a significant expansion of SLB’s integrated well construction business in the Kingdom. They also highlight the company’s continued role in supporting Aramco’s oil and gas development activities.
The agreements demonstrate the increasing adoption of integrated delivery models for large-scale well construction programs. Under this approach, multiple services and technologies are coordinated through a unified operating model rather than being managed independently.
For SLB, the contracts provide an opportunity to apply its integrated capabilities across a substantial number of wells and over a multi-year period. The optional extension of up to two additional years could further extend the company’s involvement in the program.
The scale and duration of the contracts are also expected to provide continuity for planning and execution teams, allowing the integrated model to be applied consistently across the program.
Longstanding Collaboration With Aramco
SLB and Aramco have a long history of collaboration in Saudi Arabia. The new agreements build on that relationship and reflect Aramco’s continued engagement with SLB’s integrated well construction capabilities.
According to SLB, the awards underscore growing customer adoption of integrated delivery models and represent an important development for its business in the Kingdom.
The company’s integrated approach combines established oilfield services with digital technologies and automation. By bringing these capabilities together, SLB aims to support efficient and consistent well delivery while addressing the demands associated with large drilling programs.
Focus on Efficiency and Well Performance
As drilling programs expand, operators require approaches that can coordinate multiple technical activities while maintaining operational performance. SLB’s integrated well construction model is designed around this requirement, bringing planning, execution, digital workflows, and field services into a connected framework.
The model combines drilling technologies and services with formation evaluation, fluids, cementing, and completions. This integrated structure is intended to support efficiency throughout the well construction process while helping maintain consistency from one well to the next.
The new contracts with Aramco provide SLB with an opportunity to apply this model across more than 450 wells during the initial three-year period. With the potential for a two-year extension, the programs could provide a longer-term platform for continued collaboration.
The awards reinforce SLB’s position in Saudi Arabia’s well construction market and expand its integrated delivery activities in the Kingdom. They also reflect the growing role of digital workflows, automation, and integrated service models in large-scale oil and gas development programs.
Source Link:https://www.businesswire.com/
