- New award extends long-standing partnership and supports production growth through end-to-end project delivery and operations

SLB (NYSE: SLB) has been awarded a contract by OQ Exploration & Production (OQEP) to deliver the Bisat-B Expansion Production Facility in Oman.

Under the contract, SLB will provide design, engineering, procurement, construction and commissioning services for the facility, along with four years of operations and maintenance support. The expansion will increase the facility’s gross fluids handling capacity to 548,000 barrels per day. The project is scheduled for completion within 19 months.

The award marks the next phase of development for the Bisat Field and builds on a successful track record between OQEP and SLB, following the delivery of the Bisat-A facility in 2018 and the original Bisat-B facility in 2020. The expansion further strengthens a long-standing partnership and builds on the established working relationship between OQEP and SLB. SLB will provide integrated project delivery from engineering through commissioning, followed by four years of operations and maintenance support, to support the continued development and operational performance of the Bisat Field.

“We are pleased to continue supporting OQEP in the development of production infrastructure for the Bisat Field,” said Jesus Lamas, president, Middle East and North Africa, SLB. “By combining our global expertise with decades of local experience in Oman, we will help support production growth while delivering safe, efficient and reliable performance for years to come.”

Key Points:

  - SLB has been awarded major contract by OQEP to deliver the Bisat-B Expansion Production Facility in Oman.
  - The project supports the next phase of Bisat Field development and OQEP's production growth objectives.
  - SLB will provide end-to-end project delivery, including design, engineering, procurement, construction, commissioning, operations and maintenance services.
  - The award follows successful delivery of the Bisat-A and original Bisat-B facilities.

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.

About OQEP

OQ Exploration and Production SAOG (OQEP) is one of OQ SAOC companies, Oman’s leading integrated energy group, managing and developing investments across the energy value chain.

OQEP is Oman’s largest pure-play oil and gas exploration and production company and it is the only upstream oil and gas operator owned by the Government of Oman. OQEP currently ranks among the top three oil and gas producers and is also one of the largest holders of oil and gas reserves in Oman.

Since inception, OQEP has witnessed significant growth, expanding its average daily production nearly 14 times, and averaging 246 kboe/d on a working interest basis by 2023. In 2023, its total production constituted approximately 14 per cent. of Oman’s total oil, gas and condensate production for the year.