Saudi Aramco has awarded Schlumberger two lump-sum contracts for drilling rigs and services for oil and gas wells.
Under the contracts, Schlumberger Integrated Drilling Services (IDS) will provide drilling rigs and services for up to 146 gas wells and up to 128 oil wells over three years.
The signing took place as part of Saudi Aramco’s In-Kingdom Total Value Add (Iktva) Forum in Khobar, Saudi Arabia.
Mohammed Qahtani, senior vice president, upstream, Saudi Aramco, said: “Saudi Aramco and Schlumberger are key partners who, under these contracts, will be able to bring innovative technologies to the field, and deploy them in our large-scale operations. We have a great history of success with Schlumberger throughout our 75-year partnership in Saudi Arabia, and we have now set the scene for even greater achievements in the future.”
Paal Kibsgaard, chairman and CEO, Schlumberger, said: “Schlumberger is proud and humble to be trusted with delivering lump-sum gas and oil wells within the Kingdom. Through our committed teams, advanced technology and Integrated Drilling Services, we are looking forward to working in close collaboration with Saudi Aramco to successfully deliver these oil and gas wells.”
The contracts are designed to provide an integrated service to deliver wells, which will increase efficiency levels and improve cost-effectiveness, while maintaining the highest safety standards. In developing the agreements, Saudi Aramco and Schlumberger focused on enhanced processes and the latest technology to ensure safe and efficient operations at all times.