Global energy technology company SLB (NYSE: SLB) today announced it has been selected by Vår Energi as its main integrated drilling services supplier for the Transocean Barents and Deepsea Bergen rigs on the Norwegian Continental Shelf.
The selection covers an initial four-year period, with four additional one-year extension options that could extend the scope through 2034. Two harsh-environment semisubmersibles will continuously drill exploration and development wells during this period.
The integrated delivery model brings together technical expertise, digital workflows and operational execution across the well delivery process.
“Working closely with Vår Energi and other selected service and technology providers, SLB will connect planning and execution, simplify interfaces, and use data to support faster decisions and more consistent well performance,” according to this morning’s news release.
The selection, the release goes on, “also expands SLB’s role in Vår Energi’s offshore operations, adding integrated drilling services to an established relationship spanning digital well and field development planning and subsea production systems through SLB’s OneSubsea™ joint venture.”
SLB shares faded 35 cents to $50.60.
