Digital AI solutions to maximize operational and cost efficiencies, minimize risk and secure quality recoverable reserves  

ABERDEEN, U.K., September 05, 2023—SLB (NYSE: SLB) has signed a subsurface technology partnership with INEOS Energy, the energy division of INEOS; a global chemical and manufacturing company. INEOS Energy will partner with SLB’s Performance Centre in Aberdeen, to collaborate and innovate subsurface technologies, including AI capabilities, to help it drive operational performance for continued growth, new acquisitions, and Carbon Capture and Storage (CCS).  

“This subsurface technology agreement is an important milestone for INEOS Energy supporting our continued organic growth plans,” said Abhi Kohok, Subsurface Director at INEOS Energy.  “We are excited to work closely with the SLB Performance Centre to build on their extensive subsurface technologies, the Delfi™ digital platform and advances in domain centric AI. Together, this integration will position INEOS to maximize recoverable reserves and realize its growth ambitions, all with a lower carbon footprint.” 
 
Under the agreement, INEOS Energy will integrate the SLB Delfi digital platform into its oil and gas operations, especially subsurface, wells, transport and monitoring. Delfi will seamlessly integrate into current assets and new acquisitions, a critical element of the company’s emissions-reducing CCS strategy for a sustainable low carbon future. 

“The Performance Centre model of collaboration is another example of SLB leadership in oil and gas innovation,” said Wallace Pescarini, president of SLB’s Offshore Atlantic basin. “The Performance Centre is part of the SLB long-term strategy to produce lower carbon energy through collaboration and partnership models with our customers. We welcome INEOS and look forward to continued innovation.”  

About SLB

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.

About INEOS Energy

INEOS Energy is the energy division of INEOS, a global chemical, manufacturing, and energy company. INEOS comprises of 36 businesses, spanning across 194 sites and 29 countries throughout the world. INEOS Energy was established in 2020 to oversee the company’s growing portfolio of energy related businesses. INEOS Energy produces and trades oil, gas, power, liquefied natural gas (LNG), and carbon credits. This activity is supported by their investments in low carbon technologies, which are crucial in sustaining their business through the energy transition. INEOS has pledged to reduce its carbon footprint and achieve net-zero emissions by 2050. Find out more at ineos.com.

Media

Moira Duff - Director of External Communication
Tel: +1 (713) 375-3407
Email: media@slb.com

Investors

James R. McDonald – Senior Vice President of Investor Relations and Industry Affairs
Joy V. Domingo – Director of Investor Relations
Tel: +1 (713) 375-3535
Email: investor-relations@slb.com

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