SLB Clinches $1.5 Billion Kuwait Oil Deal for High-Temperature Mutriba Field Advancement

Technology giant SLB recently secured a landmark five-year integrated contract from Kuwait Oil Company, valued at $1.5 billion, to shepherd the Mutriba field through its next critical development phase. The agreement encompasses comprehensive design, development, and production management responsibilities, positioning SLB at the forefront of handling one of the region’s most technically demanding reservoirs.

Engineering Excellence Under Extreme Conditions

The Mutriba field project focuses on developing high-pressure, high-temperature reservoirs with sour conditions—a combination that demands specialized expertise and proven operational capability. These extreme geological parameters represent a significant technical frontier, requiring advanced engineering solutions and meticulous execution to ensure both safety and productivity. SLB’s expanded scope reflects Kuwait Oil Company’s confidence in the technology partner’s ability to navigate these complex subsurface challenges effectively.

The contract builds upon SLB’s accumulated technical understanding of the field, leveraging years of subsurface analysis to support systematic development planning and execution across increasingly demanding reservoir conditions. This progression underscores the strategic importance of maintaining consistency with experienced partners who understand both the geological nuances and operational requirements.

Strengthening a Decades-Long Collaborative Partnership

“This award reflects the strength of our long-standing partnership with Kuwait Oil Company and the trust built over decades of working together,” stated Steve Gassen, executive vice president of Geographies at SLB. “As development of the Mutriba field moves into its next stage, we are taking on end-to-end responsibility to support safe, reliable execution in complex reservoir conditions.”

The contract represents a deepening of the collaborative relationship, where Kuwait Oil Company continues to rely on SLB’s integrated capabilities for managing increasingly complex projects. This evolution demonstrates how technical credibility and proven operational success build the foundation for expanded partnerships in the oil and gas industry’s most challenging environments.