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SLB Awarded Seven-Year Contract Under Kuwait Oil Company's Ahmadi Innovation Valley Initiative

  • Kuwait Oil Company (KOC) awarded SLB a seven-year contract as the first partner under the Ahmadi Innovation Valley (AIV) initiative.
  • The agreement covers applied research & technology deployment across nearly 100 projects focusing on AI, IIoT, production optimization, reservoir technologies, water management & energy transition.
  • SLB plans to establish a dedicated AIV facility in Kuwait, with construction starting in 2026 & an opening scheduled for 2028.
  • The AIV initiative aims to unite industry, academia & technology providers to address upstream technical challenges & accelerate local capability development.
  • This contract builds upon more than 85 years of collaboration between SLB & KOC.