Feb. 3 at 6:37 PM
SLB secured a five-year,
$1.5 billion integrated contract with Kuwait Oil Company for the next phase of development at the Mutriba oil field in Kuwait. The agreement expands SLB’s responsibilities to include full field design, development, and production management, leveraging its existing subsurface knowledge and operational experience at the site.
The project will focus on advancing development of high-pressure, high-temperature reservoirs with sour gas conditions, making operations more technically complex as the field moves into deeper and more demanding phases. SLB said the contract underscores its long-standing partnership with Kuwait Oil Company and reflects the industry’s shift toward integrated service models designed to improve efficiency, lower execution risk, and optimize capital deployment while addressing environmental considerations in challenging and remote energy projects.
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