{"success":true,"data":{"pressRelease":{"id":"150839","rtpr_id":"nBw7jFb0Za-20260923","ticker":"SLB","exchange":"NYSE","all_tickers":["SLB"],"title":"SLB Awarded Major Contract by OQEP for Integrated Facility Expansion in Oman","author":"Business Wire","published_at":"2026-09-23T12:04:00.093Z","article_body":"SLB Awarded Major Contract by OQEP for Integrated Facility Expansion in Oman\n\nNew award extends long-standing partnership and supports production growth\nthrough end-to-end project delivery and operations\n\nSLB (NYSE: SLB) has been awarded a contract by OQ Exploration & Production\n(OQEP) to deliver the Bisat-B Expansion Production Facility in Oman.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20260922635677/en/\n(https://www.businesswire.com/news/home/20260922635677/en/)\n\nSLB has been awarded a contract by OQ Exploration & Production (OQEP) to\ndeliver the Bisat-B Expansion Production Facility in Oman. Under the contract,\nSLB will provide design, engineering, procurement, construction and\ncommissioning services for the facility, along with four years of operations\nand maintenance support.\n\nUnder the contract, SLB will provide design, engineering, procurement,\nconstruction and commissioning services for the facility, along with four\nyears of operations and maintenance support. The expansion will increase the\nfacility’s gross fluids handling capacity to 548,000 barrels per day. The\nproject is scheduled for completion within 19 months.\n\nThe award marks the next phase of development for the Bisat Field and builds\non a successful track record between OQEP and SLB, following the delivery of\nthe Bisat-A facility in 2018 and the original Bisat-B facility in 2020. The\nexpansion further strengthens a long-standing partnership and builds on the\nestablished working relationship between OQEP and SLB. SLB will provide\nintegrated project delivery from engineering through commissioning, followed\nby four years of operations and maintenance support, to support the continued\ndevelopment and operational performance of the Bisat Field.\n\n“We are pleased to continue supporting OQEP in the development of production\ninfrastructure for the Bisat Field,” said Jesus Lamas, president, Middle\nEast and North Africa, SLB. “By combining our global expertise with decades\nof local experience in Oman, we will help support production growth while\ndelivering safe, efficient and reliable performance for years to come.”\n\nKey Points:\n\n\n * SLB has been awarded a major contract by OQEP to deliver the Bisat-B Expansion\nProduction Facility in Oman.\n\n * The project supports the next phase of Bisat Field development and OQEP's\nproduction growth objectives.\n\n * SLB will provide end-to-end project delivery, including design, engineering,\nprocurement, construction, commissioning, operations and maintenance services.\n\n * The award follows successful delivery of the Bisat-A and original Bisat-B\nfacilities.\n\nAbout SLB\n\nSLB (NYSE: SLB) is a global technology company that has driven energy\ninnovation for 100 years. With a global footprint in more than 100 countries\nand employees representing almost twice as many nationalities, we work each\nday on innovating oil and gas, delivering digital at scale, decarbonizing\nindustries, and developing and scaling new energy systems that accelerate the\nenergy transition. Find out more at slb.com.\n\nCautionary Statement Regarding Forward-Looking Statements:\n\nThis press release contains “forward-looking statements” within the\nmeaning of the U.S. federal securities laws — that is, statements about the\nfuture, not about past events. Such statements often contain words such as\n“expect,” “may,” “can,” “estimate,” “intend,”\n“anticipate,” “will,” “potential,” “projected\" and other similar\nwords. Forward-looking statements address matters that are, to varying\ndegrees, uncertain, such as forecasts or expectations regarding the deployment\nof, or anticipated benefits of, SLB’s new technologies and partnerships; and\nimprovements in operating procedures and technology. These statements are\nsubject to risks and uncertainties, including, but not limited to, the\ninability to recognize intended benefits of SLB’s strategies, initiatives or\npartnerships; and other risks and uncertainties detailed in SLB’s most\nrecent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities\nand Exchange Commission. If one or more of these or other risks or\nuncertainties materialize (or the consequences of such a development changes),\nor should underlying assumptions prove incorrect, actual outcomes may vary\nmaterially from those reflected in our forward-looking statements. The\nforward-looking statements speak only as of the date of this press release,\nand SLB disclaims any intention or obligation to update publicly or revise\nsuch statements, whether as a result of new information, future events or\notherwise.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260922635677/en/\n(https://www.businesswire.com/news/home/20260922635677/en/)\n\nMedia\n\nJosh Byerly – SVP of Global Communications \n\nMoira Duff – Director of External Communications\n\nSLB\n\nTel: +1 (713) 375-3407\n\nmedia@slb.com (mailto:media@slb.com)\n\nInvestors \n\nJames R. McDonald – SVP of Investor Relations & Industry Affairs\n\nJoy V. Domingo – Director of Investor Relations\n\nSLB\n\nTel: +1 (713) 375-3535\n\ninvestor-relations@slb.com (mailto:investor-relations@slb.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw7jFb0Za-20260923","title":"SLB Awarded Major Contract by OQEP for Integrated Facility Expansion in Oman","author":"Business Wire","ticker":"SLB","created":"2026-09-23T12:04:00.093Z","tickers":["SLB"],"exchange":"NYSE","article_body":"SLB Awarded Major Contract by OQEP for Integrated Facility Expansion in Oman\n\nNew award extends long-standing partnership and supports production growth\nthrough end-to-end project delivery and operations\n\nSLB (NYSE: SLB) has been awarded a contract by OQ Exploration & Production\n(OQEP) to deliver the Bisat-B Expansion Production Facility in Oman.\n\nThis press release features multimedia. View the full release here:\nhttps://www.businesswire.com/news/home/20260922635677/en/\n(https://www.businesswire.com/news/home/20260922635677/en/)\n\nSLB has been awarded a contract by OQ Exploration & Production (OQEP) to\ndeliver the Bisat-B Expansion Production Facility in Oman. Under the contract,\nSLB will provide design, engineering, procurement, construction and\ncommissioning services for the facility, along with four years of operations\nand maintenance support.\n\nUnder the contract, SLB will provide design, engineering, procurement,\nconstruction and commissioning services for the facility, along with four\nyears of operations and maintenance support. The expansion will increase the\nfacility’s gross fluids handling capacity to 548,000 barrels per day. The\nproject is scheduled for completion within 19 months.\n\nThe award marks the next phase of development for the Bisat Field and builds\non a successful track record between OQEP and SLB, following the delivery of\nthe Bisat-A facility in 2018 and the original Bisat-B facility in 2020. The\nexpansion further strengthens a long-standing partnership and builds on the\nestablished working relationship between OQEP and SLB. SLB will provide\nintegrated project delivery from engineering through commissioning, followed\nby four years of operations and maintenance support, to support the continued\ndevelopment and operational performance of the Bisat Field.\n\n“We are pleased to continue supporting OQEP in the development of production\ninfrastructure for the Bisat Field,” said Jesus Lamas, president, Middle\nEast and North Africa, SLB. “By combining our global expertise with decades\nof local experience in Oman, we will help support production growth while\ndelivering safe, efficient and reliable performance for years to come.”\n\nKey Points:\n\n\n * SLB has been awarded a major contract by OQEP to deliver the Bisat-B Expansion\nProduction Facility in Oman.\n\n * The project supports the next phase of Bisat Field development and OQEP's\nproduction growth objectives.\n\n * SLB will provide end-to-end project delivery, including design, engineering,\nprocurement, construction, commissioning, operations and maintenance services.\n\n * The award follows successful delivery of the Bisat-A and original Bisat-B\nfacilities.\n\nAbout SLB\n\nSLB (NYSE: SLB) is a global technology company that has driven energy\ninnovation for 100 years. With a global footprint in more than 100 countries\nand employees representing almost twice as many nationalities, we work each\nday on innovating oil and gas, delivering digital at scale, decarbonizing\nindustries, and developing and scaling new energy systems that accelerate the\nenergy transition. Find out more at slb.com.\n\nCautionary Statement Regarding Forward-Looking Statements:\n\nThis press release contains “forward-looking statements” within the\nmeaning of the U.S. federal securities laws — that is, statements about the\nfuture, not about past events. Such statements often contain words such as\n“expect,” “may,” “can,” “estimate,” “intend,”\n“anticipate,” “will,” “potential,” “projected\" and other similar\nwords. Forward-looking statements address matters that are, to varying\ndegrees, uncertain, such as forecasts or expectations regarding the deployment\nof, or anticipated benefits of, SLB’s new technologies and partnerships; and\nimprovements in operating procedures and technology. These statements are\nsubject to risks and uncertainties, including, but not limited to, the\ninability to recognize intended benefits of SLB’s strategies, initiatives or\npartnerships; and other risks and uncertainties detailed in SLB’s most\nrecent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities\nand Exchange Commission. If one or more of these or other risks or\nuncertainties materialize (or the consequences of such a development changes),\nor should underlying assumptions prove incorrect, actual outcomes may vary\nmaterially from those reflected in our forward-looking statements. The\nforward-looking statements speak only as of the date of this press release,\nand SLB disclaims any intention or obligation to update publicly or revise\nsuch statements, whether as a result of new information, future events or\notherwise.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260922635677/en/\n(https://www.businesswire.com/news/home/20260922635677/en/)\n\nMedia\n\nJosh Byerly – SVP of Global Communications \n\nMoira Duff – Director of External Communications\n\nSLB\n\nTel: +1 (713) 375-3407\n\nmedia@slb.com (mailto:media@slb.com)\n\nInvestors \n\nJames R. McDonald – SVP of Investor Relations & Industry Affairs\n\nJoy V. Domingo – Director of Investor Relations\n\nSLB\n\nTel: +1 (713) 375-3535\n\ninvestor-relations@slb.com (mailto:investor-relations@slb.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-09-23T12:04:00.138670596Z","server_sent_at_ms":1790165040138},"received_at":"2026-09-23T12:04:00.193Z","source_url":"https://www.businesswire.com/news/home/20260922635677/en/"},"analysis":{"id":"139642","press_release_id":"150839","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":["no contract value disclosed for a 'major' award"],"eventType":"operations_update","narrative":"SLB has been awarded a major contract by OQ Exploration & Production to deliver the Bisat-B Expansion Production Facility in Oman.\n\nSLB will provide end-to-end project delivery — design, engineering, procurement, construction and commissioning — plus four years of operations and maintenance support, with completion scheduled within 19 months.\n\nThe expansion lifts the facility's gross fluids handling capacity to 548,000 barrels per day and extends a partnership that delivered Bisat-A in 2018 and the original Bisat-B in 2020.\n\nNo contract value was disclosed; the award adds to SLB's Middle East project backlog but is unlikely to be a needle-mover for the large-cap company.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Steady backlog-building Middle East win for SLB, but undisclosed value caps the news impact."},"keyFigures":{"customDimensions":{"capacity_bpd":548000,"om_duration_years":4,"completion_timeline_months":19}},"quotedText":"We are pleased to continue supporting OQEP in the development of production infrastructure for the Bisat Field","namedEntities":{"people":[{"name":"Jesus Lamas","role":"President, Middle East and North Africa, SLB"}],"products":["Bisat-B Expansion Production Facility","Bisat-A facility","Bisat-B facility"],"companies":[{"name":"SLB","ticker":"SLB","relationship":"contractor/filer"},{"name":"OQ Exploration & Production (OQEP)","relationship":"customer"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"A contract win for a large-cap oilfield services provider; no contract value disclosed, but it supports Middle East production services backlog and extends a long-standing OQEP relationship."},"tickerRelevance":{"others":[],"primary":"SLB"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"customer":"Oman national E&P (OQEP)","tickerTier":"mega-cap","eventGravity":"routine contract win without disclosed value","sectorWeight":"energy project award"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"SLB has been awarded a major contract by OQ Exploration & Production to deliver the Bisat-B Expansion Production Facility in Oman.\n\nSLB will provide end-to-end project delivery — design, engineering, procurement, construction and commissioning — plus four years of operations and maintenance support, with completion scheduled within 19 months.\n\nThe expansion lifts the facility's gross fluids handling capacity to 548,000 barrels per day and extends a partnership that delivered Bisat-A in 2018 and the original Bisat-B in 2020.\n\nNo contract value was disclosed; the award adds to SLB's Middle East project backlog but is unlikely to be a needle-mover for the large-cap company.","key_figures":{"customDimensions":{"capacity_bpd":548000,"om_duration_years":4,"completion_timeline_months":19}},"named_entities":{"people":[{"name":"Jesus Lamas","role":"President, Middle East and North Africa, SLB"}],"products":["Bisat-B Expansion Production Facility","Bisat-A facility","Bisat-B facility"],"companies":[{"name":"SLB","ticker":"SLB","relationship":"contractor/filer"},{"name":"OQ Exploration & Production (OQEP)","relationship":"customer"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-23T12:04:08.229Z","global_importance":25,"audience_relevance":30,"importance_components":{"customer":"Oman national E&P (OQEP)","tickerTier":"mega-cap","eventGravity":"routine contract win without disclosed value","sectorWeight":"energy project award"}},"durationMs":8023,"modelName":"glm-5.3-flashx"}}