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SLB signs Subsurface Technology Partnership Agreement with INEOS Energy

Tuesday, September 5, 2023

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.'


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