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Welltec announced this week that it has signed a “significant” contract with Saudi Aramco. The business revealed that it has agreed a Long-Form Contract (LFC) with the Saudi Arabian company, following an “extensive” approval process. The deal will see Welltec deliver completion products and services across the Aramco portfolio in any environment, Welltec noted. “Confirmation of this award represents a major step in our partnership with Saudi Aramco which also enables us to continue along the path of exemplary service quality in the execution of completions,” Kevin Wood, the well c...

Welltec signs Long-Form Contract with Saudi Aramco 21 Apr 2021 Long-Form Contract (LFC) with Saudi Aramco.  Following an extensive approval process, the deal will see Welltec deliver Completion products and services across the Saudi Aramco portfolio in any environment.  'Welltec began installing WAB® metal expandable packers for Saudi Aramco in 2014 as part of a technology trial, and the award of a long-form contract demonstrates how far we’ve progressed since then,' said Kevin Wood, Well Completions Sales Director for Welltec Middle East. Wood continued to add, 'Confirmation of this...

Welltec, a global technology company, has signed a long-form contract (LFC) with Saudi Aramco, in an agreement which will see Welltec deliver completion products and services across the Saudi Aramco portfolio in any environment.