Gulf Oil and Gas accountACCOUNT

Saudi Aramco Awards Halliburton Contract for Unconventional Gas Stimulation Services

Source: www.gulfoilandgas.com 5/27/2018, Location: Middle East

Saudi Aramco signed the Unconventional Gas Stimulation Services contract with Halliburton to further improve the economics of Saudi Aramco’s Unconventional Resources Program.

The contract signing ceremony, which was attended by Amin H. Nasser, President and CEO of Saudi Aramco and Jeffrey A. Miller, President and CEO of Halliburton, reflects Saudi Aramco’s pursuit of unconventional gas to serve domestic needs, offset local crude burning, provide feedstock for chemical industry development, and spur regional economic development in line with Vision 2030, the Kingdom’s national transformation program.

The new agreement will provide lump sum turnkey stimulation services which include major hydraulic fracturing and well intervention operations.

Amin H. Nasser said: “Over the past three years, Saudi Aramco has made great strides in developing our unconventional resources program, with emphasis on unconventional gas as an important clean energy source for the Kingdom’s future. Now, with this contract formalized today with Halliburton, we enter the important next phase of achieving our gas expansion objectives. Halliburton has been a reliable provider of products, services and technologies to our company for many decades. We welcome their expertise in unconventional resources, and we have great confidence in our joint ability to achieve operational and cost efficiencies for this important growth area.”

Saudi Aramco’s Unconventional Resources program spans three areas of Saudi Arabia: North Arabia, South Ghawar and Jafurah/Rub’ Al-Khali.

Cementing, Stimulation >>

Cementing, Stimulation News in Saudi Arabia >>

Qatar >>  12/3/2018 - The OPEC Secretary General, His Excellency Mohammad Sanusi Barkindo, has today received a letter from the State of Qatar giving notice of its intentio...
Saudi Arabia >>  11/26/2018 - Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and internationa...

Saudi Arabia >>  11/26/2018 - Lamprell with its partners has been selected as a contractor on Saudi Aramco's Long Term Agreement for Offshore Facilities (LTA) programme. ...
United Arab Emirates >>  11/26/2018 - The Abu Dhabi Government and the Abu Dhabi National Oil Company (ADNOC) have added Wintershall Holding GmbH to the Ghasha ultra-sour gas mega project ...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.