SLB Secures $1.5 Billion Kuwait Oil Contract as Analysts Raise Price Targets
“SLB has been awarded a $1.5 billion, five-year integrated development contract by Kuwait Oil Company for the Mutriba field, focusing on design, development, and production management in challenging high-pressure, high-temperature reservoirs. Jefferies recently lifted its price target on SLB to $58 from $51, maintaining a Buy rating, while UBS increased its target to $61 from … Read more