SLB to Acquire Gyrodata Incorporated
26 Oktober 2022 - 10:05PM
Business Wire
Complementary technologies elevate drilling performance
benchmarks
SLB (NYSE: SLB) today announced it has entered into an agreement
to acquire Gyrodata Incorporated, a global company specializing in
gyroscopic wellbore positioning and survey technology. The
transaction will integrate 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.
“The integration of Gyrodata’s innovative sensors and
proprietary technologies within SLB’s drilling and logging suites
will result in the most accurate and highly optimized well
placement services in the industry,” said Jesus Lamas, president,
Well Construction, SLB. “This will transform drilling technology
designs while advancing SLB’s autonomous, self-steering
capabilities. I am excited about welcoming the Gyrodata team into
SLB’s Well Construction division.”
“After more than 42 years as an independent company, we are
ecstatic about becoming a part of SLB,” said Robert Trainer,
president and CEO, Gyrodata. “This combination will create
important synergies between our technology platforms, bringing
immediate and significant benefits for our customers. We look
forward to accelerating the next step-change of this technology
revolution as part of the world’s leading provider of technology
and services to the energy industry.”
The transaction is subject to regulatory approvals and is
expected to close towards the end of 2022.
More information on the proposed transaction is available on
SLB’s investor relations website, which can be accessed at
https://investorcenter.slb.com/.
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 to decarbonize oil and gas and
develop scalable new energy technologies to accelerate the energy
transition. Find out more at slb.com.
About Gyrodata
Gyrodata is one of the world’s leading service providers to the
global energy industry with unparalleled expertise in gyroscopic
surveying, wellbore placement, and wellbore characterization
technologies. Gyrodata’s unique products and services enable its
clients to maximize hydrocarbon recovery and optimize an asset’s
lifecycle cost.
For more information, visit www.gyrodata.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. The opinions, forecasts and projections regarding the
expected benefits of the proposed transaction; the expected timing
of the completion of the transaction; the parties’ ability to
complete the transaction considering the various regulatory
approvals and other closing conditions; future opportunities for
the joint venture and its products and services; and any other
statements regarding the parties’ or the joint venture’s future
expectations, beliefs, plans, objectives, financial conditions,
assumptions or future events or performance, are forward-looking
statements within the meaning of the federal securities laws. These
statements are subject to, among other things, satisfaction of the
closing conditions to the proposed transaction, the risk that the
proposed transaction does not occur, negative effects from the
pendency of the proposed transaction, the ability to realize
expected benefits from the proposed transaction, the timing to
consummate the proposed transaction, and (as to LB) other risk
factors contained in SLB’s most recent Forms 10-K and other filings
with the SEC available at the SEC’s Internet site
(http://www.sec.gov). Actual results may differ materially from
those expected, estimated or projected. Forward-looking statements
speak only as of the date they are made, and the parties undertake
no obligation to publicly update or revise any of them in light of
new information, future events or otherwise.
Slb.com/newsroom
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221026005707/en/
Media Moira Duff – Director of External Communication
Tel: +1 (713) 375-3407 Email: media@slb.com
Investors Ndubuisi Maduemezia – Vice President of
Investor Relations Joy V. Domingo – Director of Investor Relations
Tel: +1 (713) 375-3535 Email: investor-relations@slb.com
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