SLB LIMITED/NV (SLB) Company Report

SLB and Kuwait Oil Company signed a $1.5 billion five-year integrated development contract for the next phase of the Mutriba oil field.
SLB will provide integrated design, development, and production management services for the field’s deep, high-pressure/high-temperature, sulfur-bearing reservoirs.
The agreement leverages decades of partnership and broadens SLB’s global footprint in complex reservoir projects.

5 hours ago

Press Release

SLB secures $1.5 billion Mutriba Field development contract

SLB

New Projects/Investments

Kuwait Oil Company awards SLB a five-year, $1.5 billion integrated development contract for the Mutriba Field in Kuwait.
SLB will provide end-to-end planning, development and production services, marking an expanded operational role.
The scope covers high-pressure, high-temperature and acidic reservoir conditions in deeper formations.
The award highlights the deepening long-term partnership between SLB and Kuwait Oil Company.

5 hours ago

Press Release

SLB awarded Kuwait’s Mutriba oil field integrated development contract

SLB

New Projects/Investments

Kuwait Oil Company has awarded SLB a five-year integrated development contract valued at $1.5 billion for the next phase of the Mutriba oil field, covering design, development and production management.
Under the agreement, SLB will deliver end-to-end support—including deep reservoir characterization—under high-pressure, high-temperature and sour conditions to enhance safety and reliability during complex development stages.
The contract highlights SLB’s multi-decade partnership with Kuwait Oil Company and positions SLB to assume full-cycle responsibilities as Mutriba advances into more challenging phases.
SLB’s expanded scope mirrors industry trends toward full-cycle delivery models, aiming to reduce execution risk and improve capital efficiency in increasingly complex reservoirs.

5 hours ago

Press Release

SLB

New Projects/Investments

SLB ha ottenuto un contratto integrato da 1,5 miliardi di dollari per cinque anni da Kuwait Oil Company per la fase di sviluppo del giacimento Mutriba in Kuwait, includendo progettazione, sviluppo e gestione produttiva.
Il progetto riguarda lo sfruttamento di riservi ad alta pressione e alta temperatura, con condizioni acide, sfruttando l’esperienza di SLB nella caratterizzazione del sottosuolo per operare in condizioni più profonde e complesse.
SLB assume responsabilità estese nella fase avanzata dello sviluppo del giacimento, evidenziando competenze tecnologiche e operative su larga scala.

5 hours ago

Press Release

SLB awarded development contract for Kuwait’s Mutriba oil field

SLB

New Projects/Investments

SLB secured a five-year, $15 billion integrated development agreement with Kuwait Oil Company for the Mutriba oil field, covering planning, development and production management.
The scope includes geologic modeling, reservoir engineering, drilling and production management under high-pressure, high-temperature, sour conditions.
SLB will deliver end-to-end support through complex deep subsea layers, reflecting its multi-decade partnership with Kuwait Oil Company.
The project aims to accelerate remote resource development while optimizing capital efficiency and environmental performance.

5 hours ago

Press Release

SLB awarded US$1.5 billion contract for Kuwait’s Mutriba field

SLB

New Projects/Investments

SLB secured a US$1.5 billion integrated development contract over five years from Kuwait Oil Company for the next phase of the Mutriba field.
The agreement encompasses design, development, and production management for high-pressure, high-temperature, acidic reservoirs.
It underscores an expanded scope and deepens SLB’s end-to-end partnership with Kuwait Oil Company.
The project prioritizes capital efficiency and environmental considerations to support safe, reliable execution in complex conditions.

5 hours ago

Press Release

SLB awarded integrated development contract for Mutriba field in Kuwait

SLB

New Projects/Investments

SLB secured a $1.5 billion, five-year integrated contract from Kuwait Oil Company for the next phase of Mutriba field development.
The scope includes end-to-end integrated design, development and production management of the field.
The work focuses on high-pressure, high-temperature, sour reservoir conditions, reflecting a more complex phase of development.
This award deepens SLB’s long-standing partnership with Kuwait Oil Company and advances ongoing field development efforts.

10 hours ago

Press Release

SLB secures five-year contracts for Oman’s Block 6

SLB

New Projects/Investments

SLB won two five-year contracts from Petroleum Development Oman to supply wellheads and artificial-lift technologies for Block 6 operations.
Deliverables include low-, high-pressure and thermal wellheads, electric submersible pumps (ESPs) and progressive cavity pumps (PCPs) designed to increase recovery rates and extend asset life.
Agreements emphasize local value-add: wellheads will be produced in Rusayl and ESPs assembled in Nizwa, supporting hundreds of Omani jobs.
Deployment of advanced solutions such as the SOLIDrill 15k compact modular wellhead, ESP monitoring systems and permanent-magnet motors to reduce energy use and boost sustainability.

6 days ago

Press Release

SLB secures multi-year contracts to support Oman energy expansion

SLB

New Projects/Investments

SLB won two five-year contracts from Petroleum Development Oman to supply wellsite equipment and artificial‐lift technologies for Blocks 1–6, aiming to boost production efficiency and maximize recovery.
The agreements cover supply of low-pressure, high-pressure and thermal wellhead equipment, plus ESP and PCP pumping solutions.
SLB will manufacture wellhead equipment at its Rusayl facility and assemble, service and test ESPs at its Nizwa centre, deploying the 15k SOLIDrill modular compact wellhead system and sustainable ESP permanent-magnet motors.
The contracts emphasize in-country value enhancement and local talent development, with operations slated to begin within six months to extend field life and optimize output.

6 days ago

Press Release

SLB erhält Mehrjahresverträge in Oman

SLB

New Projects/Investments

SLB sichert sich Fünfjahresverträge von Petroleum Development Oman für Bohrlochkopfsysteme und Artificial-Lift-Technologien in Block-6, der größten Öl- und Gaskonzession Omans.
Die Verträge umfassen Niederdruck-, Hochdruck- und Thermo-Bohrlochköpfe sowie ESPs und PCPs zur Steigerung der Förderraten und Verlängerung der Nutzungsdauer.
Bohrlochkörper werden in Rusayl gefertigt und ESPs im Montagezentrum in Nizwa montiert, wodurch Hunderte von Arbeitsplätzen für omanische Beschäftigte entstehen.
Wichtige Meilensteine sind der Ausbau der Produktionskapazitäten vor Ort und der Produktionsstart von Absperrventilen in Oman innerhalb von sechs Monaten.