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Halliburton (NYSE: HAL) moved into focus after the oilfield services giant announced it had secured a new multi-year contract from Saudi Aramco to provide integrated stimulation and completion services for unconventional gas development in Saudi Arabia. The agreement forms part of a broader multi-billion-dollar unconventional gas programme and reinforces Halliburton's position as one of Aramco's key technology and drilling partners. The latest award also comes as Saudi Arabia accelerates development of the Jafurah Basin, one of the world's largest unconventional gas fields. The contract highlights growing investment in natural gas production as Saudi Arabia continues diversifying its energy mix while maintaining its position as one of the world's leading energy producers. Halliburton Expands Partnership With Aramco Under the new agreement, Halliburton will continue providing integrated drilling, stimulation and completion services across Aramco's unconventional gas operations. The company already supports several unconventional projects in Saudi Arabia through its drilling technologies, well completion services and hydraulic fracturing solutions. The latest contract expands that relationship as development activity increases across the Jafurah Basin. Halliburton said it will deploy its OCTIV Auto Frac intelligent fracturing platform together with Sensori fracture monitoring technology beginning in the third quarter of 2026. The system is designed to automate fracturing operations, improve execution across multi-well campaigns and increase operational efficiency. The company also plans to expand local manufacturing capacity, strengthen its supply chain and invest further in workforce development across Saudi Arabia to support the growing scale of the project. Jafurah Basin Remains Central to Saudi Arabia's Gas Strategy The Jafurah Basin has become one of Saudi Arabia's most important long-term energy projects. Unlike conventional oil fields, unconventional gas developments require advanced drilling techniques, hydraulic fracturing and sophisticated completion technologies to maximise production. These projects also generate long-term demand for oilfield service providers such as Halliburton. Saudi Arabia has identified natural gas as a key pillar of its energy strategy, aiming to increase domestic gas production, reduce reliance on crude oil for electricity generation and support industrial expansion. As development accelerates, companies capable of delivering integrated drilling and completion services are expected to play a growing role in the kingdom's energy investment programme. Automation and AI Continue to Transform Oilfield Services A major feature of the new contract is Halliburton's increasing use of automation technologies. The company plans to introduce intelligent fracturing systems that monitor and optimise operations in real time, allowing engineers to improve efficiency while reducing operational downtime. Across the oilfield services industry, digital technologies, artificial intelligence and automated drilling systems are becoming increasingly important as energy producers seek to lower costs while improving production efficiency. The latest Aramco contract demonstrates how digital innovation is becoming a competitive advantage for large service providers operating on complex energy projects. What This Means for Halliburton and Aramco The latest contract reinforces Halliburton's strategic position in one of the world's most important energy markets while supporting Aramco's ambition to become a global leader in unconventional gas production. As development of the Jafurah Basin accelerates, investors will be watching for further contract awards, project milestones, and production updates that could benefit both companies. With Saudi Arabia continuing to invest heavily in energy infrastructure and advanced drilling technologies, the partnership highlights the long-term opportunities available to companies that can deliver efficient, technology-driven oilfield services. Why did Aramco award Halliburton a new contract? Aramco awarded Halliburton a multi-year contract to provide integrated stimulation and completion services for its unconventional gas programme in the Jafurah Basin. The agreement supports Saudi Arabia's plans to expand natural gas production using advanced drilling and hydraulic fracturing technologies. What is the Aramco Jafurah gas project? The Jafurah project is Aramco's flagship unconventional gas development and one of the world's largest shale gas projects. Located in eastern Saudi Arabia, the field is expected to increase domestic natural gas production, reduce reliance on crude oil for power generation, and support the Kingdom's long-term energy strategy. How will the Aramco contract impact Halliburton? The new Aramco contract strengthens Halliburton's presence in Saudi Arabia and expands its role in one of the world's largest unconventional gas developments. The agreement is expected to support long-term revenue opportunities while showcasing the company's automation, hydraulic fracturing, and digital oilfield technologies.