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SLB Introduces Digitally Enabled Electric Well Solutions That Maximize Production and Recovery

1. SLB launched Electris™, boosting production and reducing costs. 2. Electris™ enhances real-time intelligence for operators in well completions.

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FAQ

Why Bullish?

The launch of Electris™ positions SLB favorably in a competitive market, similar to past innovations like their advanced drilling systems that led to increased market share and stock value.

How important is it?

The innovation directly enhances SLB's offerings, likely improving both current and future project economics, appealing to investors and stakeholders.

Why Long Term?

As the energy sector transitions to more efficient technologies, Electris™ will likely yield ongoing operational efficiencies, sustaining SLB’s competitive edge over years.

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HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) today launched Electris™ — a portfolio of digitally enabled electric well completions technologies that boost production and recovery while reducing the total cost of ownership of an asset. Electris completions digitalize control of the entire productive area of the wellbore, providing real-time production intelligence across the reservoir. This enables operators to predict, adapt and act with confidence in response to d.

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