SLB signs long-term contract with Venezuela's PDVSA to modernize oil and gas sector

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โดย Insider Monkey·Read original
Summary · why it matters

SLB has signed a long-term contract with Venezuela's state oil company PDVSA to support the revitalization and modernization of the country's oil and gas sector. The memorandum of understanding covers cooperation across exploration, field development, production, digital enablement, and workforce training and development. A key focus is the digital transformation of Venezuela's oil and gas sector, with SLB and PDVSA using connected data, predictive models, and AI-driven workflows to improve efficiency and fast-track decision-making. CEO Olivier Le Peuch stated that the partnership builds on SLB's nearly century-long presence in Venezuela and aims to strengthen operational excellence and develop local skills.

Impact on stocks 2

Energy▲ · 1 stocks
SLB N.V.
0SCL
▲ PositiveDemandrelevance

SLB signs long-term contract with PDVSA for modernization, driving demand for its services.

Energy Transition & Power Demand▲ · 1 stocks
Schlumberger NV
SLB
▲ PositiveDemandrelevance

SLB signs long-term contract with PDVSA for modernization, driving demand for its services.

Off-coverage companies 1

Petroleos de Venezuela, S.A. (PDVSA)Private▲ Positive
Technologyrelevance

PDVSA partners with SLB for digital transformation and modernization of its oil and gas sector.

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