SLB Wins Seven-Year Contract with Kuwait Oil Company Under Ahmadi Innovation Valley Initiative
By
Stock Titan Editorial Team
Summary
SLB (formerly Schlumberger) has been awarded a seven-year contract by Kuwait Oil Company (KOC) under the Ahmadi Innovation Valley (AIV) initiative. The agreement makes SLB the first contracted partner under KOC's flagship innovation program, focusing on applied research, technology deployment, and digital innovation to support Kuwait's long-term energy objectives. SLB plans to establish a facility in Kuwait's Ahmadi Innovation Valley, with construction expected in 2026 and opening planned for 2028.
Source
bskySLB Wins Seven-Year Contract with Kuwait Oil Company Under Ahmadi Innovation Valley Initiativestocktitan.netKey quotes
· 3 pulledGlobal energy technology company SLB has been awarded a seven-year contract by Kuwait Oil Company (KOC) under the Ahmadi Innovation Valley (AIV) initiative.
The agreement will support applied research, technology deployment and digital innovation programs aligned with Kuwait's long-term energy objectives.
Agreement makes SLB the first contracted partner under KOC's flagship innovation initiative
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