SLB Secured Major Contract for Oil Facility Expansion in Oman

Key Facts

1SLB was awarded a contract by OQEP to deliver the Bisat-B Expansion Production Facility in Oman.

2The expansion will increase the facility's gross fluids handling capacity to 548,000 barrels per day.

In a move that underscores the growing role of international energy service firms in major Gulf infrastructure projects, SLB has secured a contract from OQ Exploration & Production (OQEP) to deliver the Bisat-B Expansion Production Facility in Oman. The comprehensive contract covers design, engineering, procurement, construction, and commissioning, alongside four years of operations and maintenance support. This partnership aims to significantly bolster Oman's production infrastructure through the development of advanced processing facilities.

According to project reports, the expansion is set to increase the facility's gross fluids handling capacity to 548,000 barrels per day, marking a substantial addition to SLB's regional project portfolio. This award reflects sustained demand for sophisticated upstream technologies as energy companies seek to optimize existing assets. For SLB, the contract represents a solid addition to its revenue backlog, providing long-term operational visibility in a key strategic market.

Operationally, this contract supports SLB's growth prospects in international markets amid shifting global energy dynamics. Per market data, the EIA Weekly Petroleum Report released on September 16, 2026, showed a stock change of -0.64 million barrels, which was a smaller draw than the -1.6 million forecast. While current price levels for SLB are unavailable at this snapshot, investors will be watching how such large-scale service contracts influence the firm's upcoming financial performance and sector positioning.