Halliburton has been awarded lump sum turnkey (LSTK) contracts by Aramco in multiple onshore fields in the Kingdom of Saudi Arabia, as the energy giant seeks to maintain capacity targets and boost gas production by leveraging the latest technologies and methodologies
The multi-year contracts encompass approximately 285 planned wells, covering oil re-entry operations, drilling, completions, and workovers, which Halliburton will deliver through an integrated delivery model. The integrated approach supports maximum asset value through operational consistency and timely well delivery and helps advance Aramco’s objectives to maintain efficiency in its onshore portfolio. Safety, technical expertise, and real-time decision-making are central to every well drilled for Aramco.
Halliburton’s collaborative approach to integrated well services helps maximise asset value and reduce total operational costs. Its integrated services leverage advanced technologies and collaborative engineering to improve production and operational efficiency, a priority for Aramco. It develops comprehensive asset models that encompass the reservoir, wellbore, and surface facilities to identify and eliminate bottlenecks, improve daily field operations, and reduce costs per barrel.
Aramco’s upstream expansion
The awards come as Aramco is pursing major projects to maintain maximum sustainable capacity (MSC) at 12.0 mmbpd such as the Zuluf crude oil increment, which is expected to process 600 mbpd of crude oil from the Zuluf field through a central facility in 2026, while procurement and construction activities have progress for phase two of the Dammam development project, which is expected to be onstream in 2027, adding crude oil production capacity of 50 mbpd. Major projects to boost gas production are also underway in line with Aramco’s target to grow gas production capacity by around 80% over 2021 production levels by 2030. The development of the Jafurah field, the largest liquids-rich shale gas play in the Middle East is underway, with production expected to reach a sustainable sales gas rate of 2.0 bscfd by 2030, in addition to significant volumes of ethane, NGL, and condensate.
“These awards mark a significant milestone for Halliburton in the Kingdom and strengthen the company’s position for future growth under the program. The scope reflects the strength of our drilling technology and our proven ability to efficiently execute complex, highly integrated operations. The program supports close collaboration with Aramco and applies Halliburton’s integrated services and technologies to deliver strong performance and lower drilling and completion costs across onshore development,” said Rami Yassine, president, Eastern Hemisphere, Halliburton
The contracts include a three-year base term, with options to extend for up to two additional years. Halliburton will execute the program with a focus on safety, quality, and disciplined execution, in alignment with Aramco’s operational standards.
Saudi Arabia is a bright spot in Halliburton’s Middle East portfolio, where the company also recently won a multi-year contract to deliver integrated stimulation and completion services for unconventional gas development. The company highlights the two contracts in its Q2 results, where they helped to offset a decrease in Middle East/Asia revenue as a result of the ongoing geopolitical conflict in the Middle East.
Halliburton wins Aramco contracts for onshore fields
