RIYADH: TAQA Well Services LLC has signed a Mega Integrated Fracturing service contract worth more than SR1 billion ($266 million), according to a statement. The fully owned subsidiary of Saudi Arabia"s Industrialization and Energy Services Company said the contract duration is set to cover a period of five years in total. Under the terms of the contract, the scope of works includes — but is not limited to — fracturing, perforations, well testing, and coiled tubing services. In addition, engineering and third-party services will also be provided under the agreement in an attempt to facilitate conventional gas wells related services. “This award is inline with TAQA 2021 strategy to grow the business and capture more share of critical projects such as integrated Hydraulic Fracturing,” the statement said, citing CEO Khalid Nouh. Founded in 2005, TAQA seeks to be a key player in the oil field services and equipment market.