Investor Highlights Archive

2022

Schlumberger continues to secure a pipeline of new contract awards as customers announce new projects and with the expansion of existing developments globally. Schlumberger is increasingly being selected for its performance and execution and its innovative technology that enhances customer success.

Interchangeability and Configurability Enable Various Well Designs while Conforming to a Standard

10-Year Frame Agreement with Aker BP for up to 64 Wells Offshore Norway

In Norway, Aker BP ASA has awarded a frame agreement to Cameron, a Schlumberger company, for surface wellheads and production trees for up to 64 wells on the North of Alvheim, King Lear, and Valhall New Central Platform projects in the Norwegian sector of the North Sea. The ten-year agreement contains optional extensions for the life of the field and covers engineering, qualification, and manufacture of digitalized wellhead equipment and production trees capable of up to 15,000-psi operation and condition-based monitoring, as well as a new 21-in metal-to-metal Fontus configurable production wellhead system. Installation is scheduled to begin in 2024.

Fit-for-Purpose ESP Systems Maximize Production

High-Boost Subsea Pumps to Increase Production for North Sea's Draugen Field

OneSubsea®, the subsea technologies, production, and processing systems business of Schlumberger, has been awarded an engineering, procurement, construction, and installation (EPCI) contract by OKEA for the supply of three subsea high-boost pumps to increase production from the Draugen Field, located in the southern part of the Norwegian Sea. Under the contract, which is part of a frame agreement signed in 2017 by OKEA and Subsea Integration Alliance, OneSubsea will deliver a new high-boost pump module and modify two existing pump modules into high-boost pumps capable of handling higher differential pressure and throughput to maximize production from this asset. Delivery of the pump modules is scheduled for 2023.

Superior Technologies Deliver Additional Contract Wins in Deepwater Gulf of Mexico

Superior Technologies Deliver Additional Contract Wins in Deepwater Gulf of Mexico

Talos Energy has awarded Schlumberger contracts for well construction services including drilling fluids, directional drilling, bits and reamers, and logging while drilling in the deepwater Gulf of Mexico. This adds to previous awards on ongoing Talos projects, including developmental drilling from the Pompano platform on the Continental Shelf. The new awards include technologies that will deliver demanding 3D directional drilling profiles and high-quality data with superior logging-while-drilling technology. Talos is scheduled to deploy a semisubmersible rig in August 2022 for this multiwell, deepwater campaign—the latest project in a collaboration between the two companies that has developed over years to deliver best-in-class wells.

Digital adoption across the industry continues to gather momentum, expanding how customers access their data, improve existing or create new workflows, and use data to guide decisions that boost performance in the field. Customers are adopting our industry-leading digital platform and edge solutions in the field to solve new challenges and improve operational performance.

Peregrino Platform Provides a Glimpse into the Future for Autonomous Drilling

Peregrino Platform Provides a Glimpse into the Future for Autonomous Drilling

Offshore Brazil, Schlumberger's autonomous operations on the Peregrino platform offer a glimpse into the future of well construction—built on a digitally native foundation and unique equipment and service integration capabilities. In addition to the delivery of the full drilling and control systems on the platform, Schlumberger developed a digital avatar of the rig, fully enabling the seamless digital orchestration of the surface equipment and subsurface well construction process—a step closer to the autonomous drilling vision.

Agora Edge AI and IoT Solutions Increase Production in Ecuador

Agora Edge AI and IoT Solutions Increase Production in Ecuador

In Ecuador, Schlumberger deployed a digital water injection solution—built on Agora edge AI and IoT solutions—that is increasing production for PetroEcuador in the Shushufindi Field. The system integrates smart hardware and Agora solutions to generate continuous real-time surveillance, smart notifications, and local control loops for water injection. Leveraging AI deployed at the edge, the system has predicted early water injection pump failures and consequently avoided reduced oil production stemming from limited water handling capacity. This digital solution has avoided 12,000 bbl of production losses, corrective maintenance cost, and 100 labor hours that would have otherwise reduced project performance. The customer expects to expand the deployment of this Agora solution to other injection systems across the field.

Schlumberger continues to advance its portfolio of new energy ventures in Schlumberger New Energy, where it is applying domain expertise and technology industrialization capabilities to growing new energy markets.

Expanding Geoenergy Installations for Building Heating and Cooling

Expanding Geoenergy Installations for Building Heating and Cooling

Celsius Energy, a Schlumberger New Energy business venture focused on heating and cooling solutions for buildings, commenced installation of its novel geoenergy solution for Groupement Optic 2000, a leading French eyewear brand, at its headquarters in Clamart, France. The facility comprises 12,000 m2 of offices and a workshop in which glasses are manufactured from recycled materials. In line with Groupement Optic 2000's commitment to sustainable development, the Celsius system was selected for its capability to reduce both CO2 emissions and energy costs, and it is expected to decrease the location's CO2 footprint by 70% and its energy consumption by 40%. This installation is one of five projects ongoing in Europe for Celsius Energy and is expected to be operational in the fourth quarter of 2022.

Digital adoption across the industry continues to gather momentum, evolving how customers access and use their data, improving or creating new workflows, and applying AI to boost performance in the office and in the field. Customers are adopting our industry-leading digital platform and edge solutions to solve new challenges and improve operational performance.

Driving Enterprise-Wide Digital Transformation with the DELFI Platform

Driving Enterprise-Wide Digital Transformation with the DELFI Platform

ConocoPhillips has awarded Schlumberger the deployment of its enterprise-wide, cloud-based DELFI cognitive E&P environment. ConocoPhillips will use Schlumberger digital solutions enabled by the DELFI environment to bring its reservoir engineering modeling, data, and workflows to the cloud. Upon completion of the integration, ConocoPhillips reservoir engineers will have access to cloud-based, high-performance computing resources in the DELFI environment as well as Schlumberger's reservoir engineering solutions—including the Petrel E&P software platform's Petrel Reservoir Engineering, INTERSECT high-resolution reservoir simulator, and ECLIPSE industry-reference reservoir simulator.

Delivering on AI—Collaboration Hub Opens in Houston, Texas

Delivering on AI—Collaboration Hub Opens in Houston, Texas

Schlumberger expanded its INNOVATION FACTORI network with the opening of a new center in Houston, Texas, the first INNOVATION FACTORI center in North America. Through INNOVATION FACTORI, customers can turn promising concepts into fully deployed, enterprise-scale AI and digital solutions that extract maximum value from data. Customers benefit from an agile approach by leveraging the DELFI cognitive E&P environment, which seamlessly integrates with Agora edge AI and IoT solutions. Customers also have access to a powerful machine learning platform with unrivalled AI capabilities through Schlumberger's partnership with Dataiku. Together with Dataiku, Schlumberger is enabling customers to leverage a single, centralized platform to design, deploy, govern, and manage AI and analytics applications—allowing everyday users to develop 'low-code no-code' AI solutions.

To meet growing demand, Schlumberger customers are pursuing more offshore and deepwater oil and gas projects that require advanced technology—particularly for high-pressure, high-temperature (HPHT) conditions—to bring resources to market. Schlumberger is increasingly being selected for these projects for its performance in execution and innovative technology that enhances customer success.

5 APRIL 2022 - Accelerating Activity Offshore Azerbaijan

Accelerating Activity Offshore Azerbaijan

bp has awarded Schlumberger a three-year contract for comprehensive services on six rigs operating offshore Azerbaijan. The scope of the contract covers drilling and measurement, drilling fluids, cementing, bits, and mud logging—including operations on challenging high-pressure, deepwater gas wells in the Shah Deniz Field. Both companies collaborated closely to design the most efficient technical solutions, supported by innovative operating and commercial models, to achieve a step change in total cost of ownership for bp. The contract will commence in the second quarter of 2022.

HPHT Technology to Unlock Offshore Gulf of Mexico Potential

HPHT Technology to Unlock Offshore Gulf of Mexico Potential

Schlumberger was awarded contracts by BOE Exploration & Production LLC for multiple work scopes in the Gulf of Mexico. The awards include contracts for the supply of services and equipment for high-pressure, high-temperature (HPHT) drilling on the Shenandoah Phase I development project, as well as the supply of advanced completions valve technology—GeoGuard high-performance deepwater safety valves—for the project. Shenandoah drilling will employ our capability and technology to help maximize value for development of the lower Tertiary formation, which comprises high-pressure reservoirs. Schlumberger will bring years of technical experience and leading HPHT technology to the project in collaboration with the operator. Drilling is slated to commence in 2022.

During the quarter, Schlumberger introduced several new technologies and received recognition for industry-advancing innovation. Schlumberger's latest technology integrates the power of digital to drive performance even farther for customers, as they seek to deliver energy to the world.

GeoSphere 360 3D Reservoir Mapping-While-Drilling Service Maximizes Reservoir Potential

GeoSphere 360 3D Reservoir Mapping-While-Drilling Service Maximizes Reservoir Potential

Schlumberger announced the introduction of the GeoSphere 360 3D reservoir mapping-while-drilling service, which leverages advanced cloud and digital solutions to deliver real-time 3D profiling of reservoir objects. Using GeoSphere 360 3D service, customers can now place fewer, higher-quality wells with greater certainty and confidence, improving returns from complex reservoirs and reducing the carbon intensity of field development. Unlike conventional technologies, 3D reservoir mapping while drilling identifies fluid bodies and faults—at reservoir scale—which is unique in the industry.

In the North Sea, Equinor used the new Schlumberger GeoSphere 360 3D service to provide a complete 3D structural understanding of a key section of a well, which led to the delivery of nearly 100 m of extra net pay interval. Subsurface insight from GeoSphere 360 3D service informed Equinor's high-angle well placement that optimized total hydrocarbon recovery. Geosteering support from the top of the reservoir to the main section of the horizontal interval resulted in Equinor electing to extend the well in the reservoir pay zone, improving project economics.

Our industry must advance sustainability in its operations, reducing environmental impact while contributing to the stability of global energy supply. Schlumberger continues to create and apply technology to reduce emissions from customer operations.
Schlumberger End-to-end Emissions Solutions (SEES)

Schlumberger End-to-end Emissions Solutions (SEES)

During the quarter, the company formally launched the Schlumberger End-to-end Emissions Solutions (SEES) business, which offers a comprehensive set of services and cutting-edge technologies designed to give operators a robust and scalable solution for measuring, monitoring, reporting, and—ultimately— eliminating methane and routine flare emissions from their operations. Methane and flare emissions currently account for more than 60% of operators' direct—or Scope 1 and 2—greenhouse gas (GHG) emissions. SEES delivers a holistic approach to enable operators to develop a successful methane emissions elimination strategy. The approach enables customers to plan, measure, and act using the industry's first methane emissions digital platform, accessible in the DELFI environment, providing a comprehensive and differentiated path for operators to achieve their decarbonization objectives.

As activity growth accelerates, Schlumberger's performance differentiation, technology, and integration capabilities continue to earn customer recognition and contract awards for all types of oil and gas projects, from short- and long-cycle development to exploration—including offshore and deepwater.

Deepwater Returns in the Gulf of Mexico

Deepwater Returns in the Gulf of Mexico

Chevron U.S.A. Inc. awarded Schlumberger contracts for integrated well construction and wireline services for deepwater projects in the Gulf of Mexico. Schlumberger was awarded the contracts for integrated services and technology for deepwater wells, in addition to subsea services previously awarded for another high-pressure, high-temperature (HPHT) deepwater Gulf of Mexico project. The integrated contract includes well construction, for which Schlumberger will bring specific technologies suited for HPHT environments as well as digital capabilities that will enhance overall project execution, efficiency, and safety, including the Performance Live remote operation service.

Schlumberger technologies—which won an array of innovation awards in 2021, including an Offshore Technology Conference Spotlight on New Technology, six World Oil Awards, and two Hart Energy's E&P Meritorious Awards for Engineering Innovation—and peer-leading execution capabilities are making significant performance impacts for customers, who are increasingly adopting technologies that help them create differentiated value.

Drilling Performance Step Change in the Permian and Delaware Basins

Drilling Performance Step Change in the Permian and Delaware Basins

In the Permian Basin, an ExxonMobil and Schlumberger partnership enabled the reduction of drilling rig days by 34% across five wells, performance that will enable ExxonMobil to drill more wells per year with the same number of rigs. An integrated fit-for-basin technology package, including the PowerDrive Orbit G2 rotary steerable system and XBolt G2 accelerated drilling service—controlled from the ExxonMobil Remote Operations Center in Houston—enabled ExxonMobil to drill its first Delaware Basin well in less than nine days and achieve similar performance with five total record-setting wells. Compared to prior target performance benchmarks, a total reduction of more than 26 drilling days was realized for these five wells.

Delivering Global Top Quartile Fracturing Performance in the Middle East

Delivering Global Top Quartile Fracturing Performance in the Middle East

In the fourth quarter of 2021, Schlumberger commenced integrated stimulation operations at Jafurah, the largest unconventional nonassociated gas field in the Kingdom of Saudi Arabia. The combination of cutting-edge technology, fully integrated supply chain, and close project management collaboration between Aramco and Schlumberger resulted in more than 35% improvement in stages per month. This new performance benchmark matches that of top-quartile stimulation fleets in United States unconventional assets during 2021—a key ambition set between Schlumberger and Aramco on the path to deliver the full potential of the Jafurah project.

The adoption of Schlumberger's comprehensive digital platform continues to accelerate as customers advance their digital transformation and apply digital solutions to improve productivity and efficiency. Furthermore, the use cases for Schlumberger digital solutions also continue to expand into adjacent sectors, increasing the total addressable market and enabling decarbonization in and beyond the oil and gas industry.

Schlumberger Digital Platform Selected for Northern Lights CO2 Storage Project

Schlumberger Digital Platform Selected for Northern Lights CO2 Storage Project

Schlumberger will deploy the DELFI cognitive E&P environment on the Norwegian CO2 project by the Northern Lights Joint Venture (NL), to streamline subsurface workflows and longer-term modeling and surveillance of CO2 sequestration. NL was established to develop the world's first open-source CO2 transport and storage infrastructure, providing accelerated decarbonization opportunities for European industries, with an ambition to store up to 5 million metric tons of CO2 per year based on market demand. Northern Lights is part of Longship—Norway's largest climate initiative—which comprises a full-scale carbon capture and storage (CCS) project, covering capture, transport, and storage of CO2.

In Schlumberger New Energy, we are forging partnerships to apply a portfolio of low-carbon and carbon-neutral energy technologies across industries, contributing to a more sustainable future energy mix.

Schlumberger New Energy Hydrogen Venture Signs Pilot Agreements in Steel and Cement Industries

Schlumberger New Energy Hydrogen Venture Signs Pilot Agreements in Steel and Cement Industries

Schlumberger New Energy, the French Alternative Energies and Atomic Energy Commission (CEA), and partners have announced the signature of pilot project agreements with leading steel and cement companies on the pathway to net zero in those industries. In the steel industry, Genvia has agreed pilot projects with ArcelorMittal Méditerranée, a subsidiary of ArcelorMittal, a world leader in the steel industry; and Ugitech—part of Swiss Steel Group, a world leader in long stainless-steel products. In the cement industry, Genvia has agreed pilot projects with Vicat, a cement production group; and Hynamics—a low-carbon and renewable-hydrogen solutions subsidiary of EDF group. Genvia aims to deliver the highest green-hydrogen creation efficiency, resulting in significantly less electricity use per kilogram of hydrogen produced.

In addition to reducing CO2 emissions in oil and gas operations, Schlumberger domain expertise and experience are winning project awards to enable other industries to produce carbon-negative energy.

Geoenergy Venture Celsius Announces Commercial Agreements in France and North America

Geoenergy Venture Celsius Announces Commercial Agreements in France and North America

Celsius Energy, a Schlumberger New Energy venture that provides geoenergy technology for zero-carbon heating and cooling of buildings, has expanded its commercial operations in Europe and North America. In France, a leading healthcare company has selected the Celsius Energy solution in two new developments, and feasibility studies for implementation at additional facilities is ongoing. In the US, Celsius Energy completed its first operation during the fourth quarter of 2021 at a prestigious East Coast university campus, opening new market opportunities for the expansion of Celsius Energy solutions. During COP26, more than 1,000 cities committed to the UN-backed "Cities Race to Zero" campaign, while companies and municipalities globally have advanced net-zero targets and commitments to address global greenhouse gas emissions. Celsius Energy is uniquely positioned to support these commitments, contributing to global decarbonization.

2021

Schlumberger continues to win a growing number of contract awards, both on land and offshore, based on technology differentiation and integration capabilities driving performance, by improving recovery and reducing time to first production.

Integration and Fit-for-Basin Technology Drive Major Unconventional Stimulation Project Award in Saudi Arabia

Integration and Fit-for-Basin Technology Drive Major Unconventional Stimulation Project Award in Saudi Arabia

Schlumberger was awarded a multibillion dollar (USD) integrated stimulation technology and services contract by Saudi Aramco for its unconventional gas resources. Fit-for-basin technologies will enable operational performance and efficiency, in a work scope that includes the full suite of products and services for hydraulic fracturing, coiled tubing intervention, wireline services, Cameron hydraulic fracturing trees with MonoFlex dual-connection fracturing fluid delivery technology, and flow back. Mobilization is expected to start in the fourth quarter of 2021.

Subsurface-to-Facility Integration Capability Secures Significant Offshore Gas Development Award

Subsurface-to-Facility Integration Capability Secures Significant Offshore Gas Development Award

Schlumberger was awarded a significant contract by Turkish Petroleum (TP) for end-to-end production solutions for the greenfield Phase 1 development of the Sakarya Field, Turkey's largest gas reserve. The integrated project scope will cover subsurface solutions to onshore production, including well completions, subsea production systems (SPS), and an early production facility capable of handling up to 350 MMscf/d of gas. Through this integration, from subsurface to processing facility, pipeline-ready gas will be delivered on an accelerated timeline.

Digital transformation is a key part of the industry's future. Through our digital platform we are delivering performance impact for customers.

Paving the Way to Fully Autonomous Drilling with the First Automated Section Drilled at the Hebron Platform

Paving the Way to Fully Autonomous Drilling with the First Automated Section Drilled at the Hebron Platform

Offshore Canada, Schlumberger and ExxonMobil Canada are jointly working on the deployment of digital drilling solutions, which recently enabled ExxonMobil Canada to complete the first fully automated section drilled at the Hebron platform. This was achieved with a combination of DrillOps on-target well delivery solution, including the DrillOps Automate drilling solution, and the Cameron DrillPilot equipment sequencing software for pipe handling automation. ExxonMobil Canada and its co-venturers on Hebron have agreed to a commercial implementation of the DrillOps Automate solution in its offshore operations. These digital solutions are expected to create a step change in procedural adherence, consistency, standardization, and operational efficiency across rig crews and enable close integration of well construction planning and execution phases in the future.

Schlumberger Transition Technologies are being increasingly adopted by customers as they address their Scope 1 and Scope 2 emissions, a commitment we share with our own Scope 3 reduction targets. These technologies accelerate both our customers' and Schlumberger's journey to net zero.

Zero-Flaring Solution Avoids More Than 240,000 Metric Tons of CO2e Emissions

Zero-Flaring Solution Avoids More Than 240,000 Metric Tons of CO2e Emissions

In Kazakhstan, Schlumberger has deployed a zero-flaring well test and cleanup solution with Karachaganak Petroleum Operating B.V.—jointly operated by Shell and Eni—that has avoided the equivalent of more than 240,000 metric tons of CO2e emissions to date. Incorporating unique Schlumberger technologies such as Vx Spectra surface multiphase flowmeter, high pressure separators, and REDA Multiphase HPS horizontal multistage surface pumps, this project is first-of-a-kind in the world and is aligned with the long-term net-zero goals of both JV partners and Schlumberger, as well as the country's environmental goals.

Accelerating Gas Production by 7 Months and Electrifying Production Systems

Accelerating Gas Production by 7 Months and Electrifying Production Systems

Offshore Trinidad and Tobago, Schlumberger helped bp achieve first gas seven months ahead of schedule in the Matapal Field. In collaboration with bp, OneSubsea leveraged its experience to deploy its first all-electric manifold and three 10,000-psi subsea trees with integral Vx Omni subsea multiphase flowmeters. Agile subsea production systems (SPS) also enabled bp to capitalize on standardized hardware and reduce project-specific engineering. This contributed to reaching first gas in just three years from contract award, as compared to the four years for similar previous developments.

In addition to reducing CO2 emissions in oil and gas operations, Schlumberger domain expertise and experience are winning project awards to enable other industries to produce carbon-negative energy.

Schlumberger Wins CCS Contract to Support Carbon-Negative Biofuel Production

Schlumberger Wins CCS Contract to Support Carbon-Negative Biofuel Production

FS Bioenergia has awarded Schlumberger Brazil's first carbon capture and storage project, which will support the production of carbon-negative biofuels. Under the agreement, Schlumberger will conduct reservoir studies, design, and manage drilling of injection wells, perform injectivity tests, and monitor storage once injection commences. The project, to be built at the site of the FS Bioenergia processing plant in Lucas do Rio Verde, is anticipated to process and store 430,000 tons of CO2 per year upon completion, scheduled for 2024.

Schlumberger is innovating and deploying technology and digital solutions that are helping to build a more efficient and sustainable industry that delivers higher value and lower carbon.

Separating and Capturing More Than 200 Megatons of CO2 with 99.5% Uptime

Separating and Capturing More Than 200 Megatons of CO2 with 99.5% Uptime

In West Texas, a Schlumberger CO2 capture technology—the CYNARA acid gas removal membrane system—has enabled the separation of more than 200 megatons of CO2 from natural gas for Kinder Morgan, one of the largest midstream operators in North America. Kinder Morgan's SACROC facility is the world's first commercial CO2 plant for enhanced oil recovery applications, in which CO2 is captured for reinjection into producing reservoirs, avoiding gas flaring and vented emissions. The CYNARA system has a proprietary membrane design with the most efficient surface area in the market, which is critical for scaling CO2 separation and capture. This provides higher efficiency CO2 separation without chemicals, reducing cost and environmental impact, while delivering a track record of 99.5% uptime throughout more than 35 years of facility operations.

Reducing Fugitive Methane Emissions with API- and ISO-Certified Valve Technology

Reducing Fugitive Methane Emissions with API- and ISO-Certified Valve Technology

As part of our commitment to sustainability, Schlumberger develops and deploys technologies that help our customers reduce their environmental impacts. Our portfolio of low-emission valves includes technology that meets global emissions standards over their full life cycle. These technologies can make a significant reduction in the emissions associated with oil and gas operations, benefiting not only the companies within the industry but—more importantly—people and communities worldwide. We will continue to support industry emission reduction through technology development and collaboration as we drive toward a more sustainable industry together.

Schlumberger continues to win major contracts based on integrating our leading technologies and services supporting increased efficiency while improving asset performance, sustainably.

Multiwell Integrated Development Optimizing Well Placement in Real-Time Offshore

Multiwell Integrated Development Optimizing Well Placement in Real-Time Offshore

In Norway, Equinor ASA awarded Schlumberger an integrated contract for up to 23 wells in its Breidablikk development in the North Sea. Schlumberger will supply drilling services, well construction fluids, cementing, electric wireline logging, and completions. Due to the complexity of the reservoir and Equinor's focus on maximizing the potential of people and assets, the project will implement digital well planning, automation, and advanced remote operations. In addition, a cloud-enabled 3D workflow—developed jointly with Equinor using data from the GeoSphere HD reservoir mapping-while-drilling service—will be used to optimize well placement in real time. The contract also includes 18 PhaseWatcher subsea multiphase flowmeters from OneSubsea®, with an option for eight additional units. Work will commence in the spring of 2022.

Integrated Solution Secures Contract Award to Deliver 96 new wells in Southern Iraq

Integrated Solution Secures Contract Award to Deliver 96 new wells in Southern Iraq

In Iraq, Schlumberger was awarded a contract, valued at USD 480 million, to drill 96 wells in southern Iraq for ExxonMobil, which operates the giant West Qurna 1 Field owned by Basra Oil Company. Building on a track record of integrated well construction performance in Iraq, Schlumberger will drill these wells over a period of 4.5 years, with well designs varying from laterals exceeding 2,000 m, upsized big-bore wells, and barefoot completions. In addition to vast project management experience and state-of-the-art technologies, Schlumberger digital capabilities will further enhance overall project execution, supporting operational safety and optimized drilling efficiency.

The recovery is driving increased activity across the E&P value chain, including offshore, where Schlumberger is being chosen as the partner with the broadest scope and deepest capability.

Subsea Equipment and Service Award in the Deepwater Buzios Field Builds on In-Country Value

Subsea Equipment and Service Award in the Deepwater Buzios Field Builds on In-Country Value

Petrobras awarded OneSubsea an engineering, procurement, construction, and installation (EPCI) contract, valued at more than USD 180 million, for the provision of subsea production systems equipment and associated services for four development phases of the deepwater Buzios Field offshore Brazil. The project scope includes 21 fit-for-purpose vertical subsea trees, controls systems, and seven subsea power distribution units, as well as installation, commissioning, and services for the life of field. The project will be supported by the OneSubsea Brazil Center of Excellence for Subsea Production Systems (SPS), which will drive in-country value across both equipment and service scopes. Located in the pre-salt area of the Santos Basin, Buzios is one of world's largest deepwater oil fields.

Schlumberger continues to invest in and deploy cutting-edge technology into the field, where customers are benefitting from differentiated performance.

Deploying New Fiber-Optic Technology to Deliver Higher Quality Data and Substantial Savings

Deploying New Fiber-Optic Technology to Deliver Higher Quality Data and Substantial Savings

In Indonesia, Schlumberger used fiber-optic distributed acoustic sensing (DAS) technology for the first time in the country, acquiring high-quality seismic data while saving 20 hours of deepwater rig time for Eni. Using the unique, high-strength fiber-optic wireline conveyance, Eni was able to eliminate the need for a standalone seismic descent by acquiring vertical seismic profile data during the petrophysics logging run. In addition, fiber optic technology acquired high-frequency data across the reservoir section, delivering a higher resolution image while improving efficiency compared to a conventional seismic solution. These results provide a higher level of reservoir definition and improve field appraisal and development plans.

Schlumberger digital solutions are enabling the evolution of industry operations. Customers are advancing their digital transformations and adopting solutions that drive operational efficiency and performance.

Optimizing Drilling and Completions Operations with Real-Time Drilling Data Visualization

Optimizing Drilling and Completions Operations with Real-Time Drilling Data Visualization

Qatar Petroleum (QP) awarded Schlumberger a three-year contract for the provision of digital real-time drilling optimization services. Under the contract, real-time drilling data will be sent from the rig site to QP's state-of-the-art real-time operations center, where drilling optimization specialists will visualize drilling data in real time and automate QP's drilling and completions using the latest Schlumberger technology, including the Techlog wellbore software platform. This project is a key milestone in QP's Intelligent Oil Field program, which aims to increase production while reducing costs.

Schlumberger continues to harness the power of the cloud to produce a step change in customer productivity and performance through our digital platforms, the application of artificial intelligence (AI) and internet of things (IoT) solutions to create new insights from data, and operational optimization. 

Unlocking Data for the Industry Digital Transformation

Unlocking Data for the Industry Digital Transformation

Schlumberger and Equinor announced a strategic project, in collaboration with Microsoft®, to deploy the DELFI cognitive E&P environment with seamless integration to the OSDU™ Data Platform—the industry's new data standard. This is the first major deployment of the OSDU Data Platform, which will streamline strategy planning for Equinor. This project aims to accelerate Equinor's ability to integrate data at scale, and improve decision-making, and it will be embedded as a key part of Equinor's Microsoft Azure enterprise-wide data platform.

Accelerating AI and IoT Adoption for the Energy Industry

Accelerating AI and IoT Adoption for the Energy Industry

Schlumberger launched the INNOVATION FACTORI, enabling customers to work directly with its global network of digital experts and data scientists to create artificial intelligence (AI) and digital solutions for all domains. Using accessible, advanced technology, customers can use INNOVATION FACTORI to accelerate the process of taking experimental concepts to enterprise-scale digital solutions. These solutions can be deployed on-premise, at the edge, or on the cloud—including open systems, such as the OSDU Data Platform—helping customers across the industry accelerate their digital transformation.

For more than a century, Schlumberger has developed and deployed innovative technology. Our technology solutions continue to enhance customer performance, support basin competitiveness, maximize asset value, and reduce carbon footprint.

Driving Drilling Outperformance in North America Land Basins

Driving Drilling Outperformance in North America Land Basins

In the Delaware Basin, Schlumberger Well Construction technology enabled an operator to drill a curve and lateral totaling nearly 24,500 ft in a single run. One BHA comprising all Schlumberger technology—including PowerDrive Orbit G2 rotary steerable system and the xBolt G2 accelerated drilling service as a fit-for-basin solution—remotely drilled the 6.75-in curve and lateral in 6.5 days with Performance Live digitally connected service. Drilling efficiency saved the operator an average of 5 days of rig time per well and as much as 12 days of rig time on an individual well.

Maximizing Production and Increasing Ultimate Recovery

Maximizing Production and Increasing Ultimate Recovery

Offshore North West Shelf Australia, the Woodside operated Julimar JV with partner KUFPEC recently used Schlumberger technology to maximize production. In two wells, the Schlumberger OptiPAC XL extended-length Alternate Path gravel-pack screen and high-temperature fluid system were implemented to ensure complete packing of the horizontal intervals with downhole temperatures up to 140 degC—a world record for OptiPAC openhole Alternate Path gravel-pack services. Zonal isolation was achieved with a mechanical packer and completed two producing zones and one non-pay zone in a single pumping operation—reducing the number of wells required and increasing ultimate recovery.

Mark of ExxonMobil Corp.; technology licensed exclusively to Schlumberger.

Leading the Industry Toward All-Electric Production Systems

Leading the Industry Toward All-Electric Production Systems

In the first quarter, OneSubsea® built the first all-electric manifold for the BP Trinidad and Tobago LLC Matapal gas project being developed off the coast of Trinidad and Tobago. The combination of a block valve manifold design and standard interfacing drop-in-place electric actuators created a simple solution that also demonstrated optimizations during the manufacturing and testing process. This is a major milestone in the Schlumberger and bp electric technology roadmaps. We continue to develop more sustainable ways of producing hydrocarbons, and electric systems are key to supporting our customers on their net-zero goals. The first all-electric manifold is scheduled to arrive in Trinidad in the second quarter of 2021, with installation expected in the second half of the year.

Reducing Fugitive Methane Emissions with API- and ISO-Certified Valve Technology

Reducing Fugitive Methane Emissions with API- and ISO-Certified Valve Technology

As part of our commitment to sustainability, Schlumberger develops and deploys technologies that help our customers reduce their environmental impacts. Our portfolio of low-emission valves includes technology that meets global emissions standards over their full life cycle. These technologies can make a significant reduction in the emissions associated with oil and gas operations, benefiting not only the companies within the industry but—more importantly—people and communities worldwide. We will continue to support industry emission reduction through technology development and collaboration as we drive toward a more sustainable industry together.

The industry continues to embrace digital transformation and enablement as operators aim to improve asset efficiency, operational cost, and performance. This quarter, a diverse range of customers adopted Schlumberger digital technologies across several geographies and use cases, from increasing enterprisewide performance to advancing national energy strategy.

Enabling Enterprisewide Digital Transformation

Enabling Enterprisewide Digital Transformation

Schlumberger and OMV have signed a five-year contract—valued at up to USD 160 million—to deploy AI and digital solutions, enabled by the DELFI cognitive E&P environment, across OMV's entire enterprise. The OMV upstream subsurface team has already simulated 200 model realizations more than 70% faster using AI-enhanced workflows in the DELFI environment and planned eight wells in the time it would normally take to plan one using the DrillPlan coherent well construction planning solution. Following this agreement, the two companies will collaborate to enhance efficiencies across OMV's global operations, leveraging precise reservoir knowledge to accelerate both well and field development planning.

The new industry landscape demands increased discipline in capital investment and maximum efficiencies in production and recovery. Schlumberger creates and deploys technology and processes to help customers increase value from their existing assets by enhancing production and boosting recovery.

Meeting the Mandate for Increased Production & Recovery

Meeting the Mandate for Increased Production & Recovery

In Libya, Schlumberger won an integrated 100-well project and has reactivated and enhanced production from the first group of 35 wells, helping Arabian Gulf Oil Company (AGOCO) achieve its production increase objectives. Teams spanning our portfolio are collaborating on the project, which includes front-end engineering, candidate selection, and intervention execution on shut-in wells. The group of wells delivered to AGOCO is now generating double the daily oil production and 45% less water compared with their performance prior to being shut in.

Our fit-for-basin approach as part of our performance strategy is helping operators address their challenges and extend their technical limits. Through innovative technology adapted for local geological context, business models tailored to regional dynamics, and enhanced in-country value, Schlumberger is at the forefront of basin innovation to deliver a step change in performance for our customers.

Extending Technical Limits with Fit-for-Basin Technology

Extending Technical Limits with Fit-for-Basin Technology

In Argentina, YPF S.A. worked closely with Schlumberger to drill the first pad of superlateral wells through the unconventional Vaca Muerta Formation. The addition of NeoSteer at-bit steerable systems to comprehensive reservoir management and characterization led to the successful drilling of extended-reach laterals to lengths beyond 3,887 m, enabling access to a million-barrel oil reserve that would have otherwise been unmonetizable. The NeoSteer CL curve and lateral at-bit steerable system delivered the longer, smoother laterals YPF required.

The recovery cycle has begun, and sanctioned projects are commencing on land and offshore, while others are approaching FID. In this improving environment, Schlumberger continues to win multiyear contract awards, particularly internationally.

Enhancing Production in Mature Fields

Enhancing Production in Mature Fields

Kuwait Oil Company (KOC) awarded Schlumberger a large seven-year, performance-based contract, covering the installation of up to 1,650 electrical submersible pumps (ESPs) over the period. This award comes as KOC seeks to improve long-term production from its maturing fields, for which ESP technology is ideally suited.

Decarbonization is not only a necessity, but a tremendous opportunity for Schlumberger. We are committed to being at the forefront of more sustainable energy production, leveraging our intellectual and business capital to increase sustainability through our core offering and beyond. Our digital platform is enabling applications in the energy transition while Schlumberger New Energy is building a portfolio of ventures focused on low-carbon and carbon-neutral energy technologies, which continue to gain momentum.

Positioning Schlumberger at the Forefront of Sustainability and New Energy

Positioning Schlumberger at the Forefront of Sustainability and New Energy

In the hydrogen domain, Schlumberger New Energy, the French Alternative Energies and Atomic Energy Commission (CEA) and partners obtained approval from the European Commission to form Genvia™, a clean hydrogen production technology venture. In a unique private-public partnership model, Genvia combines the expertise and experience of Schlumberger with CEA, and partners. The new venture will accelerate the development and the first industrial deployment of the CEA high-temperature reversible solid-oxide electrolyzer technology. The aim of the venture is to deliver the most efficient and cost-effective technology for producing clean hydrogen, a versatile energy carrier and key component of the energy transition.

Expanding New Use Cases of the Industry Digital Platform

Expanding New Use Cases of the Industry Digital Platform

In the Netherlands, Energie Beheer Nederland (EBN B.V.), a company established by the Dutch Ministry of Economic Affairs and Climate Policy, has selected the DELFI cognitive E&P environment to support the implementation of the nation's energy transition strategy. The Netherlands intends to lead Continental Europe in carbon capture and storage while it continues to develop renewable and sustainable energy sources such as geothermal energy. The cloud-based DELFI environment and SaaS model will provide flexibility while being robust enough to manage the scale and complexity of the subsurface solutions required to achieve these objectives across a portfolio of energy sources.

2020

Enhancing Production with Automation Using Edge AI and IoT

Enhancing Production with Automation Using Edge AI and IoT

In Ecuador, Schlumberger accelerated adoption of digital solutions through its integrated business model by implementing Agora edge AI and IoT solutions on its own APS project. By combining digital technologies within an integrated environment, production performance was increased while operational and environmental footprint were reduced. To solve production challenges with high gas/oil ratio wells, Agora solutions were used to deliver an automated electrical submersible pump (ESP) gas-handling process. Using a securely connected, solar-powered skid running predictive AI at the edge to optimize well and ESP performance, production was increased 30% in wells connected by the Agora solution, while reducing field crew visits to these wells by 97%—an example of the performance made possible by combining digital and integration.

DrillOps On-Target Well Delivery—Automating Drilling Performance

DrillOps On-Target Well Delivery—Automating Drilling Performance

In Saudi Arabia, the DrillPlan well construction planning and DrillOps automation well delivery solutions surpassed 63,000 ft drilled, achieving a key milestone for our Integrated Well Construction LSTK operations. The on-bottom rate of penetration (ROP) with AutoROP was 17% higher than previous wells drilled by the same rigs' field average. Furthermore, DrillOps controlled the preconnection, reaming, and backreaming operations, significantly reducing nonproductive time, optimized well delivery time, and contributed to a 30% improvement in on-bottom ROP and shoe-to-shoe run in a recent section of a horizontal well.

Increasing Recovery with Multiphase Subsea Boosting

Increasing Recovery with Multiphase Subsea Boosting

OneSubsea has been awarded an engineering, procurement, and construction (EPC) contract by BHP Petroleum (BHP) for a subsea boosting system to increase recovery from the deepwater Shenzi Field in the US Gulf of Mexico. The Shenzi Field, located approximately 190 km offshore Louisiana, began producing in 2009. The multiphase boosting system will enable a significant drawdown on existing wells to facilitate increased production from the field. The boosting system, rated at 3.6 MW, is a compact, reliable, and capital-efficient solution to increase BHP's value from this proven asset.

De-Risking Logging with HD Dual Imaging While Drilling

De-Risking Logging with HD Dual Imaging While Drilling

In Brazil, Drilling & Measurements deployed TerraSphere high-definition dual-imaging-while-drilling service for the first time in the country to log presalt carbonates for Total. TerraSphere service enabled acquisition of high-definition borehole images—while drilling—de-risking the logging operations on depleted and complex reservoirs. This technology enables well completion optimization and unprecedented reservoir characterization detail for Total's Lapa field development.

Increasing Asset Team Efficiency Through Digital

Increasing Asset Team Efficiency Through Digital

Kuwait Oil Company (KOC) awarded Schlumberger a five-year contract for the ability to implement digital solutions, including the Petrel E&P software platform and other petrotechnical domain applications. The contract, valued at USD 109 million, furthers KOC's objective to deploy best-in-class software solutions that increase asset team efficiency while reducing overall cost per barrel. KOC seeks to improve cross-discipline collaboration between geosciences, reservoir engineering, production engineering, and drilling to facilitate better investment decisions based on a clear understanding of opportunities and risks.

Drilling Automation for Unconventionals

Drilling Automation for Unconventionals

As announced last quarter, Schlumberger and ExxonMobil are jointly working on the deployment of digital drilling solutions around planning, execution, and continuous improvement through learning. As a next step, ExxonMobil and Schlumberger have finalized an enabling agreement for the deployment of DrillOps on-target well delivery solution in ExxonMobil's unconventional operations. The technology is expected to enable faster, lower-cost wells through drilling automation and orchestration of the digital well plan generated by DrillPlan coherent well construction planning solution.

Evolving a Digital Subsurface Business Model

Evolving a Digital Subsurface Business Model

GAIA Xchange data marketplace, the world's first digital E&P data marketplace, was launched in the first Schlumberger Online Conference. GAIA Xchange marketplace brings together global content providers and consumers on a single, open platform. The GAIA digital subsurface platform enables customers to securely and instantly access multidomain, evergreen E&P data as a subscription from a growing number of content providers. GAIA Xchange marketplace has multiple E&P content providers who can showcase, manage, and deliver their data immediately to prospective buyers.

Processing Technologies for an FPSO Vessel

Processing Technologies for an FPSO Vessel

SBM Offshore awarded Schlumberger five contracts for the provision of a comprehensive portfolio of processing technologies to be used on a floating production, storage, and offloading (FPSO) vessel. The packages will be delivered in 2022 and include:

Remote Operations Maintains Business Continuity

Remote Operations Maintains Business Continuity

In the Gulf of Mexico, secure remote capabilities delivered by OneSubsea® helped BP keep the Mad Dog 2 project on schedule. Using a suite of remote solutions, including remote customer-witness factory integration testing (FIT), a remote master control station, and integrated control and safety systems, OneSubsea was able to provide overviews of system functionality without requiring onsite witnessing. BP is now considering conducting all future FITs remotely, which will result in significant cost savings related to travel and further reduce operational risk.

Faster, More Accurate Field Evaluation Saves USD 2 Million

Faster, More Accurate Field Evaluation Saves USD 2 Million

In Malaysia, the SpectraSphere fluid mapping-while-drilling technology has helped add value to PETRONAS brownfield assets. The technology developed by Schlumberger Drilling & Measurements eliminated fluid uncertainty in untapped fault blocks while mitigating operational risks. SpectraSphere technology was successfully deployed in two field rejuvenation campaigns in the Temana and Dulang Fields, offshore Malaysia. It involved wellbores with up to 80° of inclination and large overbalance, resulting in approximately USD 2 million in operating cost savings. Fluid identification was performed in real-time, in multiple reservoir horizons. The data provided by SpectraSphere assisted PETRONAS petrotechnical experts to firm up and accelerate perforation and completion design, in addition to understanding the reservoir and improving reserve estimation.

Accelerated DELFI Deployment

Accelerated DELFI Deployment

The enterprise-wide deployment of the DELFI cognitive E&P environment through a seven-year technology collaboration with Woodside Energy, announced in August 2019, has been accelerated to enable remote working during the COVID-19 pandemic. Deployment for a Woodside international asset team based in the UK that was scheduled for the end of 2020 was completed March 20th, taking less than a week to finalize via close collaboration between Woodside and Schlumberger teams.

Egypt Upstream Gateway

Egypt Upstream Gateway

Schlumberger and the Egyptian Ministry of Petroleum together introduced the Egypt Upstream Gateway, a unique and innovative national project for digitizing subsurface information and delivering a Digital platform to keep Egypt's subsurface data evergreen. The Egypt Upstream Gateway will leverage the GAIA digital subsurface platform and provide additional value-added solutions—enabled by Digital technology and domain expertise—using the DELFI E&P cognitive environment capabilities and technologies.

Performance-Based Contract Delivers Results

Performance-Based Contract Delivers Results

In the US Gulf of Mexico, Well Construction Services drilled and completed eight wells for Shell on the Vito project and reduced the average AFE by 15%. Key technologies deployed for this deepwater project included:

These results are from an integrated performance-based contract that delivered the project ahead of schedule.

Understanding Complex Reservoirs in Real Time

Understanding Complex Reservoirs in Real Time

In the Cygnus Field offshore UK, Drilling & Measurements deployed a combination of technologies for Neptune in a very low resistivity and thinly bedded environment that exhibited very little variation in resistivity. These fit-for-basin Technologies included the:

  • GeoSphere HD high-definition reservoir mapping-while-drilling service
  • PeriScope HD multilayer bed boundary detection service.

The services helped Neptune understand the complexities of the reservoir in real time and place the horizontal well in the most productive intervals to maximize reservoir contact and recovery.

Total Life Cycle Solutions Offshore

Total Life Cycle Solutions Offshore

Equinor awarded Subsea Integration Alliance an exclusive contract for the front-end engineering design (FEED) on its Bacalhau (formerly Carcará) project offshore Brazil. The contract is based on a two-step award. The FEED and preinvestment are starting now, with an option for the execution phase under a lump-sum turnkey setup that includes engineering, procurement, construction, and installation for the entire subsea umbilicals, risers, and flowlines and subsea production systems scope. Option for the contract is subject to Equinor's planned investment decision for the Bacalhau project in late 2020. The field development will include 19 wells.