SLB Technology Innovations Recognized at the 2024 Gulf Energy Information Excellence Awards

Rhea-AI Summary

SLB has secured two prestigious awards at the 2024 Gulf Energy Information Excellence Awards, which recognized outstanding innovations from over 500 nominations across 29 categories. The company won in Best Production Technology for their Multicycle System for Actuated Response (MSAR), which enhances downhole operations efficiency through surface-commanded fluid diversion, and in Best Controls, Instrumentation, and Automation Technology-Upstream for their Autonomous Well Intervention system.

The latter achievement, developed in collaboration with Aker BP, combines digital workflows and autonomous execution for various well intervention operations, resulting in improved success rates, faster operations, reduced CO2 emissions, and lower operational costs.

News Market Reaction – SLB

-0.14%

1 alert

-0.14% News Effect

On the day this news was published, SLB declined 0.14%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NORTHAMPTON, MA / ACCESSWIRE / November 8, 2024 / The annual Gulf Energy Information Excellence Awards honor cutting-edge innovations and technological advancements in the energy industry.

There were nearly 500 nominations this year, from which more than 180 finalists emerged, with honorees receiving awards in 29 categories across the energy sector.

SLB innovations are among the 2024 winners in two categories:

Best Production Technology

Multicycle System for Actuated Response (MSAR)

ACTive MSAR simplifies and improves the efficiency of downhole operations by enabling precise, surface-commanded fluid diversion. Open and close commands are sent from the surface to control a downhole valve that enables fluid to flow, actuating the tools, or redirects the fluid to the annulus, deactivating the tractor. The MSAR reduces water use and streamlines stimulation operations.

Best Controls, Instrumentation, and Automation Technology-Upstream

Autonomous Well Intervention

As part of the Intervention and Stimulation Alliance, Aker BP and SLB are delivering on a joint digital vision to bring well interventions to the future through a combination of digital workflows and autonomous execution for coiled tubing, wireline, and slickline. This holistic well intervention digitalization approach enables technology reuse, development synergies, and a unified user experience for future workforce multiskilling. The results are significant improvements in success rates and operating speeds while reducing CO2 emissions and operational costs.

Teamwork and Innovation

"These recognitions highlight the efforts of our talented team members, who continuously push the boundaries of innovation and excellence. We are grateful for the trust and teamwork with Aker BP and Aramco who collaborated with us to bring these groundbreaking innovations to life," notes Yasser Badiei, intervention business line director, Reservoir Performance at SLB.

Learn more about SLB technology development here.

View original content here.

SLB team members at the 2024 Gulf Energy Information Excellence Awards.

View additional multimedia and more ESG storytelling from SLB on 3blmedia.com.

Contact Info:
Spokesperson: SLB
Website: https://www.3blmedia.com/profiles/slb
Email: info@3blmedia.com

SOURCE: SLB

View the original press release on accesswire.com

FAQ

What awards did SLB win at the 2024 Gulf Energy Information Excellence Awards?

SLB won two awards: Best Production Technology for their MSAR system and Best Controls, Instrumentation, and Automation Technology-Upstream for their Autonomous Well Intervention system.

How does SLB's MSAR technology improve downhole operations?

MSAR improves downhole operations by enabling precise, surface-commanded fluid diversion through a controllable valve, reducing water usage and streamlining stimulation operations.

What are the benefits of SLB's Autonomous Well Intervention system?

The system improves success rates and operating speeds while reducing CO2 emissions and operational costs through digital workflows and autonomous execution for coiled tubing, wireline, and slickline operations.

How many nominations were there for the 2024 Gulf Energy Information Excellence Awards?

There were nearly 500 nominations for the 2024 Gulf Energy Information Excellence Awards, from which more than 180 finalists emerged across 29 categories.