SLB has been selected as the strategic reservoir partner for the Havstjerne carbon storage project in the Norwegian North Sea, which aims to provide offshore storage for European industrial emitters. The company will supply subsurface engineering support to help develop large-scale carbon storage capacity at the site. In a separate development, SLB launched its ExaCT electrical downhole coiled tubing control system, which delivers real-time electrical control for downhole interventions across multiple applications. These announcements highlight SLB's dual focus on low-carbon projects and production optimization, with the Havstjerne role spanning from subsurface studies to subsea injection and monitoring, while ExaCT enhances its core well intervention services. Investors should watch for the Havstjerne final investment decision, which depends on concept and FEED work and reservoir appraisal data from 2025, as well as adoption rates for ExaCT, which has already reported a 175-hour reduction in a six-lateral well.
SLB N.V.Selected as strategic reservoir partner for Havstjerne carbon storage project, providing subsurface engineering services.
Schlumberger NVSelected as strategic reservoir partner for Havstjerne carbon storage project, providing subsurface engineering services.
