SLB, USA announced the awarding of contracts in Oman as part of its First-Quarter 2024 Results.
bp has awarded a substantial contract extension to SLB for the provision of stimulation services. The five-year extension reflects the strong partnership and mutual agreement to continue collaborating on efficiency and sustainability roadmaps. These initiatives aim to reduce upstream stimulation services sector emissions, demonstrating our shared commitment to environmental stewardship and sustainable practices.
Medco Oman LLC awarded a contract to SLB for an automated drilling performance measurement and analysis service. The service will leverage digital technologies to assess current rig performance to identify and mitigate dynamic risks, such as the potential for stuck-pipe incidents. This initiative aims to enhance Medco’s operational performance, reduce nonproductive time, and minimize lost time. The project marks the beginning of a digital transformation journey as SLB and Medco collaborate on Oman’s first in-country cloud deployment. The project will apply digital technologies powered by AI to Oman’s drilling operations and will create a digital platform for an integrated well construction workflow.
Further, MedcoEnergi has successfully started to deploy the EcoShield low-carbon geopolymer cement-free system, paving the way to decarbonize the company’s cementing operations. The first deployment in Oman resulted in complete elimination of conventional Class G cement and the use of sustainable locally sourced materials during the cementing of surface casing. This job achieved an estimated 87% reduction in CO2e emissions when compared to the conventional surface casing cementing job and represents a major milestone for MedcoEnergi and SLB in aligning with the industry’s path to net zero. Jobs for the EcoShield low-carbon system were designed and executed using standard oilfield cementing workflows and pumping equipment and showed identical drilling parameters to those of conventional cement systems.
Revenue in the Middle East & Asia of $3.08 billion increased 29% year on year due to higher drilling, intervention, and evaluation activity in Saudi Arabia, Egypt, United Arab Emirates, Oman, Kuwait, and across Southeast Asia and Australia. Sequentially, revenue decreased 2% due to seasonally lower activity and the absence of year-end product sales, statement mentioned.
