Halliburton has secured multi-year lump sum turnkey (LSTK) contracts from Aramco for work across several onshore fields in Saudi Arabia.
The contracts cover an estimated 285 planned wells and are set to expand Halliburton’s involvement in Aramco’s oil re-entry operations.
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Under the agreement, Halliburton will provide an integrated well delivery model including drilling, completions, workovers and oil re-entry activities.
The company stated that its approach aims to ensure operational consistency and timely completion of wells, which aligns with Aramco’s focus on maintaining efficiency across its onshore assets.
The contracts have an initial term of three years, with the possibility of extending for up to two additional years.
Halliburton noted that it will prioritise safety, quality and disciplined execution in accordance with Aramco’s operational standards throughout the programme.
Halliburton Eastern Hemisphere president Rami Yassine said: “These awards mark a significant milestone for Halliburton in the Kingdom and strengthen the company’s position for future growth under the programme.
“The scope reflects the strength of our drilling technology and our proven ability to efficiently execute complex, highly integrated operations.
“The programme supports close collaboration with Aramco and applies Halliburton’s integrated services and technologies to deliver strong performance and lower drilling and completion costs across onshore development.”
Halliburton was recently awarded contracts to provide integrated drilling and completion services for the GranMorgu deepwater oil development, located around 150km off the coast of Suriname.
The long-term agreement includes the use of a digital and automation execution model aimed at linking planning, engineering and operations for the offshore project.
