SLB Awarded Two Five-Year Contracts by PDO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2026
0mins
Should l Buy SLB?
SLB announced it has been awarded two five-year contracts by Petroleum Development Oman, or PDO, to supply wellheads and artificial lift technologies for operations in Block-6, Oman's largest oil and gas concession. The contracts include the provision of low-pressure, high-pressure, and thermal wellheads, as well as electric submersible pumps and progressive cavity pumps. "These awards reflect our deep commitment to Oman's energy future and advancing in-country value through local manufacturing and talent development," said Jesus Lamas, president, Middle East and North Africa, SLB. "By producing more equipment in country and investing in Omani expertise, we are ensuring that PDO's strategic goals are met with sustainable, locally driven approaches." Key milestones include expanding local manufacturing capabilities and introducing made-in-Oman gate valve production within six months of commencement. The solutions are expected to increase recovery rates and extend the productive life of Block-6 assets.
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Analyst Views on SLB
Wall Street analysts forecast SLB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLB is 48.71 USD with a low forecast of 43.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
16 Buy
0 Hold
0 Sell
Strong Buy
Current: 49.510
Low
43.00
Averages
48.71
High
55.00
Current: 49.510
Low
43.00
Averages
48.71
High
55.00
About SLB
SLB N.V. is a global technology company. The Company’s segments include Digital, Reservoir Performance, Well Construction, Production Systems, and All Other. Digital segment includes products, services, and solutions that span the energy value chain from subsurface characterization through field development and hydrocarbon production to carbon management and the integration of adjacent energy systems. Reservoir Performance segment consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. Well Construction segment provides operators and drilling rig manufacturers with services and products related to the design and construction of a well. Production Systems segment develops technologies and provides expertise that enhances production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. All Other segment includes asset performance solutions, data center solutions and SLB Capturi.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Short-Term Volatility: Despite a 3.30% drop over the past five days, this does not indicate a market correction, but rather may provide patient investors with better buying opportunities, highlighting the market's recognition of SLB's long-term potential.
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- Venezuela Opportunity: SLB is poised to accelerate its activities in Venezuela once it receives the green light, leveraging its relationships with Western oil majors and technological capabilities to benefit from the liberalization of the country's oil market, thereby solidifying its market position.
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