SLB and Ormat team up to deliver integrated geothermal projects

We recently entered a strategic collaboration with Ormat Technologies, Inc., a leading renewable energy company, to develop and deliver integrated geothermal projects. The collaboration aims to reduce the risk of geothermal projects while improving their overall economics and ensuring long-term performance and reliability. The integrated offering will provide developers with a comprehensive suite of solutions, from exploration and resource assessment to power plant commissioning and operation.

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We will work with Ormat to provide operators with both traditional and next-generation geothermal solutions like enhanced geothermal systems (EGS) and advanced geothermal solutions (AGS), with SLB obtaining a license of Ormat’s EGS patent.

The collaboration combines Ormat’s expertise in geothermal fields and project development, power plant design, manufacturing, operations, and engineering, procurement, and construction (EPC) capabilities with our expertise in reservoir characterization, well construction, completions, and production technologies. Through our combined strengths and expertise, we will provide a full spectrum of solutions to deliver increased project efficiencies and economics.

Why it matters

“Geothermal energy represents a significant opportunity for the energy transition, providing clean, baseload renewable power,” said Irlan Amir, vice president of Renewables and Energy Efficiency, SLB. “By combining our expertise with Ormat’s, we can help customers unlock the full potential of geothermal resources and accelerate the deployment of this sustainable energy source.”

Complementary strengths

Working in the subsurface for more than 100 years, we have been involved in 80 percent of the world’s geothermal power projects. Ormat is the largest manufacturer of geothermal binary equipment and the second-largest global owner and operator of geothermal fields and power plants under management.

“Ormat’s world class geothermal development and technology expertise perfectly complements SLB’s significant reservoir knowledge and well construction technologies and expertise,” said Paul Thomsen, vice president of business development, Ormat. “Together, we can deliver more projects, offering exceptional value to our developers and contributing to a cleaner energy future.”