SLB Completes Acquisition of Gyrodata Incorporated
Complementary technologies to improve wellbore quality, reduce drilling risk
This combination will improve wellbore quality and reduce drilling risk to unlock even the most remote and complex reservoirs. Integrating three-axis solid state gyro measurements with the latest SLB technological innovations will help ensure tighter trajectory control, reduce data acquisition time and improve the decision-making process—resulting in greater overall drilling efficiency.
“I’m excited for this historic moment that will bring innovative solutions to the
SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
Gyrodata is one of the world’s leading service providers to the global energy industry with unparalleled expertise in gyroscopic surveying, wellbore placement, and wellbore characterization technologies. Gyrodata’s unique products and services enable its clients to maximize hydrocarbon recovery and optimize an asset’s lifecycle cost. For more information, visit www.gyrodata.com.
Cautionary Statement Regarding Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements regarding the parties’ future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance are forward-looking statements within the meaning of the federal securities laws. These statements are subject to, among other things, the ability to realize expected benefits from the transaction, and other risk factors contained in SLB’s most recent Forms 10-K and other filings with the
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