Saudi Aramco signs unconventional gas contract with Halliburton

Saudi Aramco announced that it has awarded the US company Halliburton a contract for unconventional gas stimulation services.

According to Aramco’s web site on Sunday, the agreement has been formalized to further improve the economics of Saudi Aramco’s Unconventional Resources Program.

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The contract will strengthen Aramco’s efforts to produce and develop unconventional gas to meet domestic needs and provide raw materials for the development of the chemicals sector.

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

Saudi Aramco’s Unconventional Resource development program targets three areas: Northern Kingdom, South Ghawar, Jafurah and Rub’ Al-Khali.