Halliburton secured several multi-year contracts from Saudi Aramco for unconventional gas stimulation and onshore oil development. The agreement includes the deployment of Saudi Arabia’s first intelligent fracturing platform to enhance efficiency in complex reservoirs.
The project scope covers hundreds of planned wells. These contracts underscore Aramco’s commitment to increasing total gas and oil production capacity.
Halliburton will expand its local manufacturing and workforce presence in Saudi Arabia under the deal. The partnership highlights sustained capital spending by national oil companies, providing long-term revenue visibility for the service provider.