SLB, TotalEnergies Unveil 10-Year Digital Solutions Partnership

SLB

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This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701494323/en/

SLB and TotalEnergies will combine digital and domain expertise to accelerate the development and deployment of digital solutions at scale. </div> <p>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). </p> <p>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<sup>®</sup> 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. </p> <p>

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.

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