SLB has received a contract from Brunei Shell Petroleum to assist in restoring production from shut-in wells in multiple offshore fields. The agreement covers multiple disciplines and services, aiming to improve recovery from mature assets through an integrated execution model, though financial terms were not disclosed. SLB will provide subsurface evaluation, candidate selection, engineering, offshore execution, project management, intervention operations, monitoring, metering, and marine logistics under a single framework. This marks the first time BSP uses an integrated production restoration model, following a well, reservoir, and facility management methodology. BSP operates over 200 offshore installations connected by more than 5,000 kilometers of pipeline.
SLB N.V.SLB N.V. is the same entity as Schlumberger, benefiting from the contract.
Schlumberger NVSLB wins contract to restore production for BSP, boosting its services demand.
