Global energy technology company SLB (NYSE: SLB) today announced that it has received a new contract from Petrobras (NYSE: PBR) for integrated services across all Petrobras-operated offshore fields in Brazil following a competitive bidding process. SLB will oversee the construction of more than 100 deepwater wells, using state-of-the-art drilling, cementing and drilling fluid technologies on up to nine ultra-deepwater rigs.
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Technologies to be deployed under the contract include transition technologies such as SLB’s Ora™ intelligent wireline formation testing platform and SpectraSphere™ fluid mapping-while-drilling service. (Photo: Business Wire)
Services are provided primarily in the Campos, Santos and Espírito Santo basins, as well as other Petrobras-operated fields, including exploratory drilling. Subject to approval of the exploration license within the three-year contract period, operations on the equatorial edge are also planned from April 2025. Much of the technology and equipment to be used is sourced locally.
“SLB has had a strong relationship with Petrobras as a technology partner for many decades,” said Wallace Pescarini, President of Offshore Atlantic Basin at SLB. “This agreement builds on our existing work with Petrobras across all of its offshore basins and introduces new technologies that improve both operational and environmental efficiencies. Additionally, it aligns with our robust local content program in Brazil and to our well-dispersed operational presence across the country.”
Wllisses Menezes Afonso, Managing Director of Wells at Petrobras, said: “This investment of approximately $800 million will allow us to intensify our activities in several basins, revitalize already productive fields and explore new areas with new technologies. Focus We are focused on making our operations even safer and more efficient.”
Technologies deployed under the contract include transition technologies such as SLB’s Ora™ intelligent wired formation test platform and SpectraSphere™ fluid mapping-while-drilling service. The Ora platform enables real-time characterization of a reservoir, minimizing risks and maximizing productivity while significantly reducing emissions. SpectraSphere provides accurate pressure measurements, well fluid analysis, and high-quality sampling during the drilling process, enabling better control decisions and resulting in optimal productivity.
About SLB
SLB (NYSE: SLB) is a global technology company driving energy innovation for a sustainable planet. With a global presence in over 100 countries and employees from almost twice as many countries, we work every day to innovate in the oil and gas sector, to digitize at scale, to decarbonize industry and to develop and scale new energy systems that accelerate the energy transition. For more information, visit slb.com.
Note Regarding Forward-Looking Statements:
This press release contains “forward-looking statements” within the meaning of the federal securities laws, that is, statements about the future, not past events. Such statements often contain words such as “expects,” “may,” “estimates,” “intends,” “anticipates,” “will,” “potential,” “projects” and similar expressions. Forward-looking statements address matters that are, to varying degrees, uncertain, such as: B. Forecasts or expectations regarding SLB’s introduction of new technologies and partnerships or their expected benefits; statements about goals, plans and forecasts relating to sustainability and environmental issues; Forecasts or expectations regarding the energy transition and global climate change, as well as improvements in operations and technologies. These statements are subject to risks and uncertainties, such as the failure to achieve net negative carbon emissions targets or realize the intended benefits of SLB’s strategies, initiatives or partnerships; legislative and regulatory initiatives to implement ecological goals such as: B. curbing global climate change; the timing or issuance of government approvals and permits; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed or furnished with the U.S. Securities and Exchange Commission. Should one or more of these or other risks or uncertainties materialize (or the effects of such developments change), or should underlying assumptions prove incorrect, actual results may differ materially from those contained in our forward-looking statements. The forward-looking statements in this press release are made as of the date hereof. SLB has no intention and disclaims any obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise.
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