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SLB awarded major drilling contract by Woodside Energy for ultra-deepwater Trion development, offshore Mexico

1. SLB secures a significant drilling contract with Woodside Energy for offshore Mexico. 2. The contract includes 18 ultra-deepwater wells utilizing AI-driven drilling technologies.

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FAQ

Why Bullish?

Securing a major contract enhances SLB's revenue prospects and market position, similar to past contracts that propelled stock prices.

How important is it?

The deal significantly strengthens SLB's operational scope and reinforces its competitive edge, likely influencing investor sentiment positively.

Why Short Term?

The contract is expected to generate immediate revenue and visibility, positively influencing stock within the year.

Related Companies

WDS
HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) has been awarded a major drilling contract by Australian independent Woodside Energy (NYSE: WDS) for its ultra-deepwater Trion development project, offshore Mexico. SLB will oversee the delivery of 18 ultra-deepwater wells using an integrated services approach and AI-enabled drilling capabilities to improve operational efficiency and well quality. The full scope of the contract includes digital directional drilling servi.

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