Back to News
Feb 3, 2026 4:01 PM

SLB Signs $1.5B Contract For Mutriba Field In Kuwait

SLB (NYSE:SLB) shares rose on Tuesday after securing a five-year, $1.5 billion contract with Kuwait Oil Company for the Mutriba field.

The agreement covers field design, development, and production management, leveraging SLB’s subsurface expertise in complex, high-pressure, high-temperature reservoirs.

The project focuses on accelerating development while emphasizing cost efficiency, environmental responsibility, and integrated delivery models to reduce execution risk.

Oman Contract

Last month, SLB won two five-year contracts from Petroleum ...