SLB, USA Announces Award of Contracts in Oman

SLB, USA Announces Award of Contracts in Oman

SLB, USA Announces Award of Contracts in Oman as Part of Its First-Quarter 2024 Results. Oilfield services company Schlumberger Limited (SLB) recently announced that it has been awarded two contracts in Oman. Moreover, BP and Medco Oman LLC awarded the contracts. However, these contracts will strengthen the company’s presence in Oman’s oil.

The first contract extension from BP is for the provision of stimulation services. The five-year extension reflects the two companies’ strong partnership and mutual agreement to continue collaborating on efficiency and sustainability roadmaps. Through these initiatives, both parties aim to reduce upstream stimulation services sector emissions. It demonstrates their shared commitment to environmental stewardship and sustainable practices.

Medco Oman LLC awards the second contract for an automated drilling performance measurement and analysis service. This service will leverage digital technologies to assess current rig performance. Also, it will identify and mitigate dynamic risks, such as the potential for stuck-pipe incidents. This initiative aims to improve Medco’s operational performance, reduce nonproductive time, and minimize lost time.

The project begins a digital transformation journey as SLB and Medco collaborate on Oman’s first in-country cloud deployment. The project will apply AI-powered digital technologies to Oman’s drilling operations. It will create a digital platform for an integrated, well-construction workflow. The award of these contracts demonstrates SLB’s continued efforts to provide innovative solutions to its clients in Oman’s oil and gas industry. By leveraging digital technologies, the company is helping its clients to improve their operational performance, reduce costs, and minimize their environmental footprint.

In conclusion, awarding these contracts is a significant milestone for SLB. Also, it is a testament to its commitment to delivering sustainable and efficient solutions to the oil and gas industry. Furthermore, the contracts provide a platform for the company to continue its partnership with BP. Also, it will establish a new collaboration with Medco Oman LLC. With these partnerships, SLB is well-positioned to continue its growth trajectory in Oman’s oil and gas industry.

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