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SLB Completes Acquisition of Gyrodata Incorporated

Friday, February 3, 2023

Complementary technologies to improve wellbore quality, reduce drilling risk

HOUSTON, February 3, 2023-SLB (NYSE: SLB) today announced it has completed the acquisition of Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction will incorporate Gyrodata's wellbore placement and surveying technologies within SLB's Well Construction business, bringing customers innovative drilling solutions.

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 Well Construction division and our industry,' said Jesus Lamas, president, Well Construction, SLB. 'The technology-driven acquisition of Gyrodata is aligned with SLB's strategy to elevate operational performance and improve efficiency for our customers. Combined with our Neuro autonomous solutions, the Gyrodata acquisition will transform drilling technology designs, leveraging downhole and surface automation to drive well construction performance and operations efficiency to new levels.'


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