Kuwait city: SLDC (the Company) announced today the award of a significant drilling contract by SLB (Schlumberger Oilfield Eastern Limited) for operations in Kuwait's Mutriba field, marking an important milestone for the newly established joint venture (JV). The contract covers an initial three-year term with two optional one-year extensions.
According to Emirates News Agency, Sultan Al Mansoori, SLDC CEO, expressed that securing this contract strongly validates the strategy, people, and platform being built at SLDC. He emphasized that it demonstrates the confidence customers have in SLDC's technical capabilities, operating discipline, and partnership-driven approach. The award from SLB is a crucial step in SLDC's growth journey.
Under the agreement, SLDC will deploy two heavy-duty, 3,000 high-specification drilling rigs to support drilling operations in one of Kuwait's key producing fields. Operations for both rigs are expected to commence in November 2026.
The contract further strengthens SLDC's regional footprint and aligns with the Company's strategy to scale selectively by deploying high-specification assets into established markets where operational excellence, safety performance, and consistent delivery are paramount.