SLB, a global energy technology company, and SBM Offshore, a leading provider of Floating Production Storage and Offloading (FPSO) solutions, have announced an agreement to form an exclusive digital alliance aimed at optimizing the performance of offshore production systems.

Alliance Structure and Capabilities

The alliance brings together SLB's digital and domain expertise in subsurface, subsea, surface production, and recovery with SBM Offshore's digital and full FPSO lifecycle capabilities. The companies will leverage their respective digital capabilities to create an AI-powered digital ecosystem that enhances FPSO digital asset management. The collaboration aims to improve uptime performance and reduce total cost of ownership for offshore operators through the integration of both companies' specialized expertise and technological capabilities.

Digital Technology Integration

The digital ecosystem will integrate SBM Offshore's operational workflows, data, and lifecycle expertise with SLB's digital technologies. The integration includes SLB's OptiSite solutions, which Cognite Data Fusion enables as part of SLB's Lumi data and AI platform. The AI-driven solution is designed to unlock value from terabytes of data upstream and across FPSO operations. Once fully realized, the digital ecosystem will empower offshore asset operators across operations, maintenance, and engineering to proactively identify and resolve emerging challenges.

Executive Perspective

Rakesh Jaggi, President, Digital & Integration at SLB, characterized the alliance as “a pivotal moment in offshore assets production and recovery.” He stated that by harnessing decades of operational data and domain expertise through SLB's scalable digital platform, the companies are “not just unlocking insights, we're enabling a step-change in FPSO performance.” Jaggi emphasized that the collaboration will “drive and deliver measurable value to our customers” through the combined capabilities of both organizations.

Market Context

SLB trades on the New York Stock Exchange under the ticker symbol SLB, while SBM Offshore is listed on the Amsterdam Stock Exchange under the symbol SBMO. The alliance represents a strategic partnership between two established players in the offshore energy sector, combining SLB's broader energy technology expertise with SBM Offshore's specialized focus on floating production solutions.

The agreement establishes an exclusive digital alliance structure, indicating a committed long-term partnership approach between the two companies in the digital optimization of offshore production systems.

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