Schlumberger and Aramco to Collaborate on Digital Sustainability Solutions for Hard-to-Abate Carbon Industries
20 September 2022 - 10:00PM
Business Wire
Regulatory News:
Schlumberger and Aramco have announced plans to collaborate and
develop a digital platform that will provide sustainability
solutions for hard-to-abate industrial sectors.
The proposed platform will enable companies in industries such
as oil and gas, chemicals, utilities, cement and steel to collect,
measure, report and verify their emissions, while also evaluating
different decarbonization pathways.
“Aramco and Schlumberger are hoping to draw on our long history
of collaboration and partnership to deliver a digital
sustainability ecosystem that enables global organizations to
manage their carbon emissions and realize ambitious sustainability
goals,” said Olivier Le Peuch, chief executive officer,
Schlumberger. “The sustainability platform will be a game changer
for the energy and hard-to-abate industry sectors as they look
toward a lower-carbon future.”
“This collaboration represents an unprecedented opportunity for
both companies to leverage digitalization to tackle one of the most
critical challenges of our generation. At the same time, it would
expand digital capabilities within the Kingdom of Saudi Arabia and
harness Schlumberger’s global reach to potentially deliver a
worldwide impact,” said Ahmad A. Al-Sa’adi, senior vice president
of Technical Services at Aramco.
Customers will be able to measure and report baselines, targets,
emissions, offsets and credits, which will help them manage their
carbon footprints more effectively by increasing the availability
and visibility of relevant data in a transparent and flexible
solution.
Building on an open architecture, the platform will be
extendable into other aspects of the industries’ sustainability
efforts, both current and future, and will ultimately include
workflows such as water sustainability and management, methane
emissions measurement, flaring reduction and prevention, and carbon
capture and storage.
About Schlumberger
Schlumberger (NYSE: SLB) is a technology company that partners
with customers to access energy. Our people, representing over 160
nationalities, are providing leading digital solutions and
deploying innovative technologies to enable performance and
sustainability for the global energy industry. With expertise in
more than 120 countries, Schlumberger collaborates to create
technology that unlocks access to energy for the benefit of
all.
Find out more at www.slb.com
About Aramco
Aramco is a global integrated energy and chemicals company. We
are driven by the core belief that energy is opportunity. From
producing approximately one in every eight barrels of the world’s
oil supply to developing new energy technologies, our global team
is dedicated to creating impact in all that we do. We focus on
making our resources more dependable, more sustainable and more
useful. This helps promote stability and long-term growth around
the world.
Find out more at www.aramco.com
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the federal securities laws—that is, any statements
that are not historical facts. Such statements often contain words
such as “expect,” “may,” “can,” “believe,” “plan,” “estimate,”
“intend,” “anticipate,” “should,” “could,” “will,” “likely,”
“goal,” “objective,” “aspire,” “aim,” “potential,” “projected” and
other similar words. Forward-looking statements address matters
that are, to varying degrees, uncertain, such as forecasts or
expectations regarding the deployment of, or anticipated benefits
of, digital technologies and partnerships; statements about goals,
plans and projections with respect to sustainability and
environmental matters; forecasts or expectations regarding energy
transition and global climate change; and improvements in operating
procedures and technology. These statements are subject to risks
and uncertainties, including, but not limited to, the inability to
recognize intended benefits from digital strategies, initiatives or
partnerships; the inability to achieve carbon emissions goals; the
inability of technology to meet new challenges in sustainability
and exploration; and other risks and uncertainties detailed in
Schlumberger’s most recent Forms 10-K, 10-Q, and 8-K filed with or
furnished to the U.S. Securities and Exchange Commission. If one or
more of these or other risks or uncertainties materialize (or the
consequences of any such development changes), or should underlying
assumptions prove incorrect, actual results or outcomes may vary
materially from those reflected in our forward-looking statements.
Forward-looking statements are aspirational and not guarantees or
promises that goals or targets will be met. Forward-looking and
other statements regarding environmental, social, and other
sustainability plans and goals are not an indication that these
statements are necessarily material to investors or required to be
disclosed in Schlumberger’s filings with the SEC. In addition,
historical, current, and forward-looking environmental, social, and
sustainability-related statements may be based on standards for
measuring progress that are still developing, internal controls and
processes that continue to evolve, and assumptions that are subject
to change in the future. The forward-looking statements speak only
as of the date of this press release, Schlumberger disclaims any
intention or obligation to update publicly or revise such
statements, whether as a result of new information, future events
or otherwise.
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Media Moira Duff – Director of External Communication,
Schlumberger Limited Tel: +1 (713) 375-3407 media@slb.com
Aramco International Media Relations:
international.media@aramco.com Aramco on Twitter
Investors Ndubuisi Maduemezia – Vice President of
Investor Relations, Schlumberger Limited Joy V. Domingo – Director
of Investor Relations, Schlumberger Limited Tel: +1 (713) 375-3535
investor-relations@slb.com
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