Halliburton secured multi-year, lump-sum turnkey contracts from Saudi Aramco to develop onshore fields in Saudi Arabia. The agreement covers approximately 285 planned wells. Work includes oil re-entry operations, drilling, completions, and workovers.
The contracts feature a three-year base term with options for two additional years. Financial terms of the agreement were not disclosed.
This marks Halliburton’s second major award from Aramco within a single week. It follows a recent contract for the Jafurah unconventional gas program. The deal expands Halliburton's integrated well delivery services in Saudi Arabia.