Investor Highlights

Well Intervention and Stimulation Alliance

Well Intervention and Stimulation Alliance

In Norway, Schlumberger, Aker BP, and StimWell Services created a Well Intervention and Stimulation Alliance, entering into a 5+5-year tripartite agreement. The alliance endeavors to completely transform conventional intervention operations with clear targets for propelling hydrocarbon production on new and existing assets on the Norwegian Continental Shelf. The alliance focus will span interventions operations, with Schlumberger as partner for:

through digital slickline, coiled tubing, and flowback operations on Aker BP's fixed installations, and StimWell as partner for the provision of fracturing services, using vessel-based stimulation services.

An early success for the alliance was the execution of the single-trip, multifrac operation at the Valhall Field running a world's-first type of stimulation methodology with coiled tubing in an offshore environment, resulting in significant time savings.

OneSubsea Production Systems Contract

First 20,000-psi Subsea Production Systems Contract

Chevron U.S.A. Inc. awarded OneSubsea® an EPC contract for the supply of an integrated subsea production and multiphase boosting system for the Anchor Field in the US Gulf of Mexico. The contract includes vertical monobore production trees and multiphase flowmeters rated up to 20,000 psi. Also included are production manifolds and an integrated manifold multiphase pump station rated to 16,500 psi as well as subsea controls and distribution. This is the first 20,000-psi subsea production system contract in the industry.

Science Based Target

Schlumberger Commits to Science-Based Target in Emissions Reduction

In December 2019, Schlumberger became the first company in upstream E&P services to commit to setting a science-based target to reduce its greenhouse gas emissions as defined by the Science Based Targets initiative. Calculated using expertise from Schlumberger's extensive scientific community, the company's science-based target will align with the goals of the United Nations Paris Agreement.

Digital Drilling Solutions

Digital Drilling Solutions

Schlumberger and ExxonMobil are jointly working on the deployment of digital drilling solutions around planning, execution, and continuous improvement through learning. As the first step in this journey, ExxonMobil has agreed to a commercial deployment of the DrillPlan* coherent well construction planning solution in ExxonMobil's unconventional operations. The agreement is expected to enable increased efficiency, procedural adherence, and consistency in well construction through digital well planning in the DELFI* cognitive E&P environment using the DrillPlan solution workflows.

 

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