NYSE:SLBEnergy Services
SLB Takes On Mutriba Project Execution Risk With US$1.5b Contract
SLB (NYSE:SLB) has been awarded a US$1.5b, five year contract by Kuwait Oil Company.
The scope covers advanced development of the Mutriba field, a high pressure, high temperature reservoir.
The deal expands SLB's role in Kuwait, adding responsibility for a technically challenging project.
For you as an investor, this contract sits squarely in SLB's core oilfield services and project delivery business, where the company focuses on technically complex reservoirs. High pressure, high...