SLB Secures Multi-Billion Dollar Contracts in Middle East

SLB (NYSE:SLB) has secured a $1.5b integrated contract with Kuwait Oil Company for the Mutriba field and won multi-year service contracts with Saudi Aramco and Petroleum Development Oman across the Middle East. These awards focus on high-value, technically complex reservoir development and end-to-end project work scopes, positioning SLB closely to long-duration work in the region. The size and technical scope of these contracts could keep SLB involved in Middle Eastern field development activity for several years.