SLB and TotalEnergies Announce 10-Year Partnership to Collaborate on Next-Generation Digital Solutions
02 Juli 2024 - 2:00PM
Business Wire
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SLB and TotalEnergies will combine
digital and domain expertise to accelerate the development and
deployment of digital solutions at scale. (Photo: Business
Wire)
SLB (NYSE: SLB) and TotalEnergies (NYSE: TTE) today announced a
10-year partnership to co-develop scalable digital solutions for
enabling access to energy resources, with improved performance and
efficiency. The partnership establishes a flexible framework for
the companies to work together on addressing key challenges across
the energy value chain, including carbon capture, utilization, and
sequestration (CCUS).
The companies will integrate advanced digital capabilities,
including artificial intelligence (AI), with new and existing
applications on SLB’s extensible Delfi™ digital platform, adhering
to the Open Group’s OSDU® Technical Standard. SLB and TotalEnergies
will combine digital and domain expertise to accelerate the
development and deployment of digital solutions at scale. The
co-development will benefit TotalEnergies’ global operations and
SLB’s worldwide customer base.
“Collaboration and knowledge sharing are key for our industry to
continuously develop more effective ways of unlocking energy
access,” said Rakesh Jaggi, President of SLB’s Digital &
Integration business. “With this visionary partnership, we’re
combining the know-how and expertise of both companies to
accelerate the delivery of new digital capabilities that will
benefit the whole industry.”
The partnership will initially focus on subsurface digital
solutions for reservoir engineering and geoscience modeling and
interpretation, leveraging Delfi™ on-demand reservoir simulation
(ODRS). These processes will be accelerated and automated using AI
and real-world learnings from both companies.
“Through this digital partnership we will develop cutting-edge
next-generation software, digital applications and new algorithms
applied to geoscience. Thanks to these innovative modeling
technologies, we will not only be better able to utilize the
analyses of geological reservoirs and basins in the Oil & Gas
sector to reduce emissions but also to make further progress in
geological carbon storage,” said Namita Shah, President, OneTech at
TotalEnergies.
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.
About TotalEnergies
TotalEnergies is a global integrated energy company that
produces and markets energies: oil and biofuels, natural gas and
green gases, renewables and electricity. Our more than 100,000
employees are committed to provide as many people as possible with
energy that is more reliable, more affordable and more sustainable.
Active in about 120 countries, TotalEnergies places sustainability
at the heart of its strategy, its projects and its operations.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240701494323/en/
Media Moira Duff – Director of External Communications
SLB Tel: +1 (713) 375-3407 media@slb.com
TotalEnergies Media Relations +33 1 47 44 46 99
presse@totalenergies.com
Investors James R. McDonald – Vice President of Investor
Relations Joy V. Domingo – Director of Investor Relations SLB Tel:
+1 (713) 375-3535 investor-relations@slb.com
TotalEnergies Investor Relations +33 1 47 44 46 46
ir@totalenergies.com
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