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Money

SLB Secures 5-Yr Expertise Offers in Oman’s Largest Oil Concession

Madisony
Last updated: January 30, 2026 5:56 am
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SLB Secures 5-Yr Expertise Offers in Oman’s Largest Oil Concession
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World vitality know-how agency SLB has secured two five-year contracts from Petroleum Growth Oman (PDO), strengthening its position in one of many Center East’s most strategically vital upstream provinces as Oman seems to be to maximise restoration from mature property whereas constructing home industrial capability.

SLB advised Oilprice.com that beneath this settlement, it can provide wellheads and synthetic raise programs for operations in Block-6, Oman’s largest oil and gasoline concession and the spine of the nation’s hydrocarbon manufacturing. The awards underscore PDO’s continued concentrate on superior restoration applied sciences and in-country worth (ICV) as it really works to maintain output from growing older reservoirs.

SLB will ship a full portfolio of wellhead programs—together with low-pressure, high-pressure, and thermal options—alongside electrical submersible pumps (ESPs) and progressive cavity pumps (PCPs). The applied sciences are designed to spice up restoration charges, lengthen discipline life, and enhance operational effectivity throughout Block-6, the place advanced geology and declining pure stress make synthetic raise more and more crucial.

A central element of the contracts is localization. Wellheads shall be manufactured at SLB’s Rusayl manufacturing heart, whereas ESPs shall be assembled, repaired, and examined on the firm’s Nizwa facility, supporting tons of of Omani jobs. Inside six months of contract graduation, SLB plans to introduce made-in-Oman gate valve manufacturing, additional increasing home manufacturing capabilities.

The corporate will even deploy superior options equivalent to its 15k SOLIDrill modular compact wellhead system, real-time ESP surveillance applied sciences, and everlasting magnet motors for ESPs. These programs scale back energy consumption and downtime—an more and more vital consideration as Oman balances vitality effectivity with rising manufacturing calls for.

“These awards mirror our deep dedication to Oman’s vitality future and advancing in-country worth by native manufacturing and expertise improvement,” stated Jesus Lamas, president of SLB Center East and North Africa.

The contracts come as Oman intensifies efforts to maintain oil output above a million barrels per day by enhanced oil restoration, digitalization, and partnerships with international service suppliers. For SLB, the awards reinforce its place as a long-term know-how companion in a area the place maximizing mature property is changing into as vital as new discoveries.

Oilprice Intelligence brings you the alerts earlier than they turn out to be front-page information. This is identical knowledgeable evaluation learn by veteran merchants and political advisors. Get it free, twice per week, and you will all the time know why the market is shifting earlier than everybody else.

You get the geopolitical intelligence, the hidden stock knowledge, and the market whispers that transfer billions – and we’ll ship you $389 in premium vitality intelligence, on us, only for subscribing. Be a part of 400,000+ readers at the moment. Get entry instantly by clicking right here.

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