SLB OneSubsea has been awarded an EPC contract by Equinor for a subsea CO2 injection system for phase two of the Northern Lights project offshore Norway, SLB said on Wednesday.
Under the agreement, Cactus will build on its current use of SLB’s Precise™ automated drilling control systems by integrating DrillSync™, SLB’s automated controls platform and software suite. These technologies will work together to improve drilling efficiency, increase equipment utilization and provide real-time data insights for better execution.
The joint venture deal comprises two rigs in Kuwait and six in Oman, all currently under contract with the Kuwaiti and Omani NOCs. ANDOC Drilling will pay USD 91 million for the 70% stake, plus an additional potential payment of USD 21 million based on rig performance, Reuters reported.
SLB has launched Retina, a new at-bit imaging technology that delivers high-resolution borehole images from the first point of drill bit contact, enabling better formation evaluation and drilling decisions, the company said Tuesday.
Electris completions digitalize control of the entire productive area of the wellbore, providing real-time production intelligence across the reservoir. This enables operators to predict, adapt and act with confidence in response to dynamic production conditions — improving reservoir management over the life of the well and accessing reserves that conventional systems leave behind.
On Digital and Integration, the chief executive said, “The energy industry is focused on efficiency and performance, and our customers are recognizing the opportunity to unlock value from their data. As a result, operators are increasing their digital capabilities, strengthening partnerships with technology companies, and investing in digital and AI solutions. This is translating into highly accretive revenue growth”.
Aker BP ASA has extended its alliance agreement with SLB (Schlumberger Limited) and Stimwell Services Ltd. for another five years. The alliance formed in 2019 has supported Aker BP’s operated assets in meeting production targets.
Aker BP said in a media release the alliance will work on further accelerating and boosting oil production.
SLB noted in the release that it will oversee the delivery of 18 ultra-deepwater wells using an integrated services approach and AI-enabled drilling capabilities to improve operational efficiency and well quality. It added that the full scope of the contract includes digital directional drilling services and hardware, logging while drilling (LWD), surface logging, cementing, drilling and completions fluids, completions, and wireline services.
“SLB’s acquisition of ChampionX comes at an important time in the industry”, SLB said in the deal announcement April 2, 2024. “The production phase of oil and gas operations typically comprises the majority of an asset’s life cycle from completion through decommissioning. This places a premium on service providers’ ability to help customers address challenges across the entirety of their production system.
SLB noted that the EPCIC award follows a cost-reduction phase for Hafslund Celsio’s project, during which efficiency improvements, such as layout optimization, were identified. The project will utilize SLB Capturi’s modular Just Catch 400 unit. SLB said the space-efficient Just Catch design creates a feasible and cost-effective solution by minimizing on-site footprint, installation, and outfitting requirements.