As the strong growth cycle in oil and gas advances, SLB continues to secure new contracts in North America and internationally, particularly in offshore basins and the Middle East.
Five-Year Integrated Fluids Services Contract Awarded to Support Production Goals
Abu Dhabi National Oil Company (ADNOC) awarded SLB a $1.4 billion framework agreement for integrated drilling fluids services to support onshore and offshore production over the next five years. The services include drilling fluids, liquid mud plants, personnel, and waste management. The agreement builds on existing SLB contributions to ADNOC's vision to expand lower-cost, lower-carbon production and supports the acceleration of its production capacity target of five million barrels of oil per day by 2027.
SLB and SIA Awarded Contract for bp's Cypre Project
Offshore Trinidad and Tobago, bp awarded to Subsea Integration Alliance (SIA) a large contract for its Cypre project, a two-phase liquid natural gas tieback. The contract scope covers the engineering, procurement, construction, and installation (EPCI) of the subsea production systems and subsea pipelines. The award represents Subsea Integration Alliance's first fully integrated EPCI single contract with bp and the alliance's first development in the Caribbean nation.
SLB continues to develop and deploy innovative technologies that lower operational emissions and environmental impact in reservoir evaluation, well construction, production, and integrated operations for customers globally. Customer adoption of SLB technology is accelerating and continues to significantly impact performance leading to more-efficient operations, lower carbon emissions, and higher returns for our customers.
Autonomous Solutions Increase Efficiency in Offshore Norway Operations
Offshore Norway, the Well Intervention and Stimulation Alliance comprising Aker BP, StimWell Services, and SLB conducted the world's first successful wireline and slickline autonomous operations. These are examples of the SLB Neuro autonomous solutions, which offer enhanced technologies for improved well economics with repeatability, reliability, and reduced carbon. The automatic conveyance and spooling technology functions without user intervention and matches the performance achieved by experienced operators for safe and efficient execution. The system is now successfully integrated into routine wireline and slickline operations for the Well Intervention and Stimulation Alliance.
Fit-for-Basin Technologies Achieve Global Adoption Milestones
The SLB fit-for-basin frac plug portfolio achieved significant global market adoption milestones. The FracXion Micro fully composite frac plugs eclipsed 100,000 installations. The full portfolio of ReacXion fully dissolvable frac plugs, an SLB footprint-reducing technology, achieved 50,000 installations and lowered operators' CO2e emissions by reducing diesel consumption by an estimated 5.7 million liters. These technologies represent how SLB creates new opportunities by understanding customer needs to amplify our sustainability impact and reduce our customers' cost to operate.
Customers are increasingly choosing to leverage SLB’s portfolio of digital products and services to drive transformation, improve efficiency, and elevate productivity.
Five-Year Contract Awarded for Digital Solutions Deployment in Brazil
In Brazil, Petrobras has awarded SLB a five-year contract to deploy digital solutions for E&P integrated workflows across the board with AI and machine-learning capabilities for more than 500 users. Enabled by the DELFI cognitive E&P environment, the digital deployment will drive efficiency increases, innovation, and faster decision making to support Petrobras' aggressive production development plans while helping to lower greenhouse gas emissions with proven reductions in processing time.
SLB’s domain expertise and experience in technology industrialization is helping to lead the energy transition. We continue to work with industry partners across various industries to innovate clean energy solutions for a balanced planet.
CCUS Collaboration Aims to Accelerate Decarbonization Solutions
SLB and Linde entered into a strategic collaboration on carbon capture, utilization, and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors. The collaboration will combine decades of experience in CO2 capture and sequestration; innovative technology portfolios; project development and execution expertise; and engineering, procurement, and construction (EPC) capabilities. CO2 is found or produced in many industrial and energy applications. This collaboration will focus on hydrogen and ammonia production, where CO2 is a by-product, and on natural gas processing. CCUS abates the emissions from these energy-intensive industries, creating new low-carbon energy sources and products. Using SLB and Linde's global footprint across multiple sectors and industries, the collaboration will expand customer reach and will focus on designing business and operating models that maximize value for all stakeholders.
