SLB Introduces Low-Carbon Alternative for Well Construction Cement
06 März 2023 - 2:00PM
Business Wire
EcoShield, an industry-first geopolymer technology,
eliminates up to 85 percent of embodied CO2 emissions
Regulatory News:
SLB (NYSE: SLB) today introduced the EcoShield™ geopolymer
cement-free system that minimizes the CO2 footprint of a well’s
construction. This innovative technology eliminates up to 85
percent of embodied CO2 emissions compared with conventional well
cementing systems, which include portland cement. The EcoShield
system has the potential to avoid up to 5 million metric tons of
CO2 emissions annually—the equivalent of removing 1.1 million cars
from the road each year.
“Decarbonizing the well construction process while ensuring
safety and performance standards is critical to our industry’s
pathway to net zero,” said Jesus Lamas, SLB’s president of Well
Construction. “The cement-free EcoShield system is a breakthrough
that delivers industry-standard zonal isolation capabilities while
significantly minimizing impact from upstream oil and gas
production.”
In addition to its embodied CO2 emissions, portland cement
creates significant transportation-related emissions from
manufacture to deployment. The EcoShield system uses locally
sourced natural materials and industrial waste streams in its
composition, making this a far more sustainable well integrity
method.
The cement-free system can be deployed throughout various phases
of the well life cycle including abandonment. It can also be
deployed across a range of field applications, including corrosive
environments.
In the Permian Basin, Pioneer Natural Resources successfully
deployed SLB’s novel cement-free technology on an 18-well field
testing campaign and continues with its use. This successful pilot
program in North America proved the performance of this unique
cement free solution while substantially reducing the CO2 footprint
in the well construction process. Field trials validated the
ability of the technology to fit within standard oilfield cementing
workflows without major changes to the design process, onsite
execution, or post-job evaluation.
The EcoShield system is part of the SLB Transition Technologies™
portfolio, which includes proven technologies that drive high
performance while reducing CO2 emissions. Today’s announcement was
made as part of CERAWeek, the world’s premier energy event taking
place in Houston through March 10. Many of this week’s topics are
centered on the energy transition and the challenges surrounding
scalability.
“EcoShield is an example of forward-thinking, innovative
solutions that will be able to be scaled and deployed in order to
help continue the decarbonization of the oil and gas industry,”
Katharina Beumelburg, SLB’s Chief Strategy and Sustainability
Officer said. “These types of more sustainable, lower-carbon
technologies are critically important today as we continue to
discover and develop the new energy solutions of tomorrow.”
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.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the U.S. federal securities laws — that is,
statements about the future, not about past events. Such statements
often contain words such as “expect,” “may,” “can,” “estimate,”
“intend,” “anticipate,” “will,” “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, SLB’s new
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
achieve net-negative carbon emissions goals; the inability to
recognize intended benefits of SLB’s strategies, initiatives or
partnerships; legislative and regulatory initiatives addressing
environmental concerns, including initiatives addressing the impact
of global climate change; the timing or receipt of regulatory
approvals and permits; and other risks and uncertainties detailed
in SLB’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 such a development changes), or should underlying
assumptions prove incorrect, actual outcomes may vary materially
from those reflected in our forward-looking statements. The
forward-looking statements speak only as of the date of this press
release, and SLB disclaims any intention or obligation to update
publicly or revise such statements, whether as a result of new
information, future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230304005029/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
Schlumberger (NYSE:SLB)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Schlumberger (NYSE:SLB)
Historical Stock Chart
Von Jul 2023 bis Jul 2024