Saudi Aramco awards contract for unconventional resources project to Halliburton

HOUSTON -- Halliburton has announced the signing of the Unconventional Gas Stimulation Services contract with Saudi Aramco to further improve the economics of Saudi Aramco’s unconventional resources program. Halliburton will utilize an integrated approach to support Saudi Aramco’s increased recovery and meet production targets by providing project management, hydraulic fracturing, coiled tubing, wireline and perforating, completion tools and testing services.

“As a leader in unconventional resource development, we believe Halliburton will work best with Saudi Aramco to help in our pursuit of unconventional gas to serve domestic needs, offset local crude burning, provide feedstock for chemical industry development, and spur regional economic development in line with Vision 2030, the Kingdom’s national transformation program,” said Mohammed Y. Qahtani, Saudi Aramco Senior V.P. of upstream. “This contract includes a strong component to support our In Kingdom Total Value Add Program as developing Saudi labor force and developing and utilizing local suppliers is vital to the success of this project.”