Contract Award and Strategic Context

SLB has been awarded a five-year contract by Saudi Aramco to provide stimulation and related services for Saudi Arabia's unconventional gas development program. This agreement is part of a broader multi-billion-dollar initiative to expand the Kingdom's domestic gas production capacity.

Scope of Services and Technologies

Under the contract, SLB will deliver a suite of advanced services and solutions, including:

• Stimulation services and well intervention
• Frac automation and digital solutions

These technologies are designed to improve efficiency and recovery in unconventional reservoirs. The scope specifically focuses on optimizing hydraulic fracturing performance and enhancing operational reliability across Aramco's unconventional gas fields.

Strategic Importance for Saudi Arabia

The contract supports Saudi Arabia's strategic energy objectives to grow gas production as part of its long-term energy mix. This growth aims to supply rising domestic demand and reduce the Kingdom's reliance on liquid fuels for power generation. Unconventional gas is anticipated to play an increasingly significant role in the country's upstream portfolio over the next decade.

Basis for the Award

SLB stated that the contract award reflects its long-standing presence in Saudi Arabia and its proven experience in deploying stimulation and digital technologies at scale within complex unconventional developments.