SLB Awarded Multi-Year Contracts to Support Oman’s Energy Development
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wellheadstechnical
Wellheads are the surface assembly of pipes, valves and fittings installed at the top of an oil or gas well that control and measure the flow of hydrocarbons from underground. Think of a wellhead like the faucet and meter on a home plumbing system: it manages flow, provides safety shutoffs and links the well to processing or transport equipment. For investors, the number, condition and performance of wellheads influence production levels, safety and maintenance costs, regulatory compliance and therefore the revenue and value of energy assets.
electric submersible pumpstechnical
Electric submersible pumps are electrically driven machines placed downhole or underwater to lift liquids—commonly oil, water or mixed fluids—from deep wells or reservoirs to the surface. Investors care because these pumps are critical to maintaining or increasing production rates; like a high-powered blender buried at the bottom of a bottle, their reliability and efficiency directly affect output, operating costs and the value of assets that depend on steady fluid flow.
espstechnical
ESPS stands for employee share purchase schemes — company programs that let staff buy or receive stock, often at a discount or through automatic payroll contributions. For investors, ESPS matter because they can align employees’ interests with shareholders and boost retention, but they also increase the number of shares outstanding over time, like adding more slices to a pizza and slightly reducing each existing slice’s size.
progressive cavity pumpstechnical
A progressive cavity pump is a mechanical device that moves liquid by turning a corkscrew-shaped rotor inside a flexible, tube-like housing so pockets of fluid are carried steadily from inlet to outlet. Because it can handle thick, gritty or delicate fluids without pulsing, it is widely used in industries like oil, mining and wastewater. Investors watch sales and service demand for these pumps as durable capital equipment, spare parts and maintenance drive steady revenue and signal industrial activity levels.
pcpstechnical
Primary care physicians (PCPs) are the frontline doctors who provide general medical care, manage chronic conditions, and direct patients to specialists—think of them as gatekeepers who often decide whether a patient tries a new medicine or treatment. For investors, PCPs matter because their prescribing habits, referral patterns and acceptance of new therapies strongly influence how quickly and widely a healthcare product is adopted, which in turn affects a company’s sales and growth prospects.
in-country valuetechnical
In-country value measures the portion of a project’s or contract’s economic benefit that stays inside the country — such as local jobs, materials bought locally, training, taxes and services — rather than value sent abroad. Investors care because higher in-country value can lower political and regulatory risk, unlock government contracts, and build local supply chains that affect costs and long-term revenue, much like choosing a nearby supplier can simplify and stabilize a business.
gate valvetechnical
A gate valve is a type of mechanical device used to control the flow of liquids or gases through a pipe or system. It works like a door that lifts up or lowers down to open or close the passage, allowing or stopping flow as needed. Investors pay attention to gate valves because their use can indicate changes or restrictions in supply chains, infrastructure, or industrial activity that may impact economic performance.
permanent magnet motorstechnical
Permanent magnet motors are electric motors that use solid, always-magnetic materials—like a fridge magnet—instead of coils that must be energized to make a magnetic field. They are often smaller, lighter and more energy-efficient than comparable motors, which can lower operating costs and improve product performance; investors watch them because adoption affects product competitiveness, manufacturing costs and exposure to supply risks for the rare-earth materials used in the magnets.
Advanced technologies and solutions will help drive production efficiency and maximize recovery
HOUSTON--(BUSINESS WIRE)--
SLB (NYSE: SLB) has been awarded two five-year contracts by Petroleum Development Oman (PDO) to supply wellheads and artificial lift technologies for operations in Block-6, Oman’s largest oil and gas concession, while advancing in-country value (ICV).
The contracts include the provision of low-pressure, high-pressure, and thermal wellheads, as well as electric submersible pumps (ESPs) and progressive cavity pumps (PCPs). These solutions are expected to increase recovery rates and extend the productive life of Block-6 assets.
The contracts include the provision of low-pressure, high-pressure, and thermal wellheads, as well as electric submersible pumps (ESPs) and progressive cavity pumps (PCPs). These solutions are expected to increase recovery rates and extend the productive life of Block-6 assets. Key milestones include expanding local manufacturing capabilities and introducing made-in-Oman gate valve production within six months of commencement.
“These awards reflect our deep commitment to Oman’s energy future and advancing in-country value through local manufacturing and talent development,” said Jesus Lamas, president, Middle East and North Africa, SLB. “By producing more equipment in country and investing in Omani expertise, we are ensuring that PDO’s strategic goals are met with sustainable, locally driven approaches. Our focus is on delivering innovative wellhead and artificial lift solutions that drive production efficiency and maximize recovery. Through our ongoing investment in advanced technologies and tailored services, we support our customers’ production and recovery goals with capabilities designed to meet their evolving operational needs.”
Wellheads will be produced at SLB’s Rusayl production center, and ESPs will be assembled at its Nizwa assembly, repair, and testing center, supporting hundreds of Omani employees. SLB will deploy advanced technologies including the 15k SOLIDrill modular compact wellhead system, ESP surveillance systems, and ESP permanent magnet motors, which reduce power consumption and enhance sustainability.
About SLB
SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
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