Halliburton Company Wins Multibillion-Dollar Saudi Aramco Gas and Oil Contracts

Saudi Aramco awarded Halliburton Company multiple high-value contracts to expand energy production in Saudi Arabia, including a multibillion-dollar agreement for unconventional gas development in the Jafurah basin. As part of this program, Halliburton Company will provide integrated stimulation and completion services. Starting in the third quarter of 2026, the company will deploy the Kingdom's first fully integrated intelligent fracturing platform, utilizing its OCTIV Auto Frac automation system and Sensori monitoring services to optimize real-time performance.

In a separate agreement, Halliburton Company secured lump sum turnkey contracts for an onshore oil re-entry program. This project covers approximately 285 planned wells across various Saudi fields and involves drilling, completions, and workovers. The oil re-entry contracts feature an initial three-year base term with options for a two-year extension.

To support the acceleration of these projects, Halliburton Company intends to increase investments in local manufacturing, strengthen its supply chain, and expand workforce development initiatives within Saudi Arabia. These awards expand the company's integrated well delivery portfolio and build upon its long-term presence in the region.