Halliburton Secures Jafurah Rig Contracts on Saudi Aramco’s $100 Billion Gas Project
Halliburton won contracts to deploy rigs and drilling equipment at Saudi Aramco’s $100 billion Jafurah shale gas project, which began production in December 2025 and holds 229 trillion cubic feet of gas. It could drive billions in revenue as Aramco shifts 500,000 barrels per day of domestic fuel to gas by 2030.
1. Contract Award and Scope
Halliburton has been awarded multiple service contracts to supply rigs and drilling equipment for the Jafurah shale gas field, including specialized walking rigs designed to minimize downtime during well relocations. These assets will support accelerated drilling and well completion operations across the sprawling development.
2. Jafurah Megaproject Overview
The Jafurah field represents a $100 billion investment by Saudi Aramco, with first gas delivered in December 2025. Estimated to contain 229 trillion cubic feet of raw gas, the project underpins Aramco’s strategy to boost gas output and free up crude for export.
3. Financial Implications for Halliburton
Participation in one of the world’s largest shale developments positions Halliburton to earn multi‐billion-dollar service revenues over the coming decade. As Saudi Arabia aims to replace 500,000 barrels per day of domestic crude power fuel with gas by 2030, demand for drilling and completion services is set to rise significantly.