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Aramco awards Halliburton contract for unconventional gas services

DUBAI, May (Reuters) – Saudi Aramco said on Sunday it has awarded Halliburton a contract for unconventional gas stimulation services.

The contract will “further improve the economics of Saudi Aramco’s unconventional resources programme”, Aramco said in a statement.

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

Saudi Aramco’s unconventional resources programme covers three areas of Saudi Arabia: North Arabia, South Ghawar and Jafurah/Rub’ al-Khali. (Reporting by Rania El Gamal Editing by Alison Williams)

“This article was first posted on on 27 May,2018: The views expressed in this article are those of the author alone and not the Saudi-U.S. CEO Forum.”