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Halliburton bags Saudi Aramco’s gas stimulation contract category
May 28, 2018
Source: Platts

Halliburton bags Saudi Aramco’s gas stimulation contract

Saudi Aramco has come into an agreement with Halliburton for unconventional gas stimulation services, in an attempt to decrease oil consumption in Saudi Arabia. This will allow Aramco to export more oil into the international market. The contract includes major hydraulic fracturing and well intervention operations. The gas sector of the country has remained underdeveloped until now, due to generous energy subsidies that have kept domestic gas prices artificially low.

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