Middle East business information

Saudi Aramco has awarded US-based oilfield services corporation, Halliburton a broad five-year oilfield service contract to develop wells in the world's largest oil field, South Ghawar, Reuters has reported. The project is expected to use three to four rigs to develop between 153 and 185 oil production, water injection and evaluation wells. The deal comes more than two years after the Houston-based firm set up another headquarters in Dubai to sharpen its focus on the Middle East.