
Integrated execution model combines multiple disciplines to improve recovery from mature offshore assets


Global energy technology company SLB (NYSE:SLB) today announced it has been awarded a contract by Brunei Shell

<p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Integrated execution model combines multiple disciplines to improve recovery from mature offshore assets</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Global energy technology company SLB (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SLB">SLB</a>) today announced it has been awarded a contract by Brunei Shell Petroleum (BSP) to support production restoration from shut-in wells across multiple offshore fields.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The contract scope spans subsurface evaluation, well candidate selection, engineering and offshore execution. Project management, intervention services, monitoring, metering and marine logistics are integrated within a single coordinated execution model designed to support efficient production restoration.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Building on our long collaboration in the region, this contract reflects a shared commitment to maximizing value from existing offshore resources," said Gokhan Yarim, senior vice president of Integration, SLB. "Together with BSP, we are combining SLB’s production expertise and integrated execution capabilities to help restore production from shut-in wells, increase recovery from existing infrastructure and support BSP’s long-term production objectives."

</p><p xmlns="http://www.w3.org/1999/xhtml">
The project marks the first deployment of an integrated production restoration solution for Brunei Shell Petroleum, bringing together multiple disciplines, services and workflows to optimize recovery from mature offshore assets. The program also aligns with standard Well, Reservoir and Facility Management methodology through coordinated surveillance, engineering and intervention planning. This supports a structured approach to optimizing production while maintaining safe and efficient operations across mature offshore assets.

</p><p xmlns="http://www.w3.org/1999/xhtml">
As operators increasingly prioritize maximizing recovery from existing assets, mature offshore fields present both opportunity and complexity. This award reflects a broader industry shift toward integrated production and recovery solutions that combine technical expertise, coordinated execution and production management to safely and efficiently improve asset performance.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Key Points:</b>

</p><ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc">
<li xmlns="http://www.w3.org/1999/xhtml">
SLB has been awarded a contract by Brunei Shell Petroleum to support production restoration from shut-in wells across multiple offshore fields.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
The project marks the first deployment of SLB&#39;s integrated production restoration solution for Brunei Shell Petroleum, bringing multiple disciplines, services and workflows together through an integrated execution model.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
The integrated production restoration program combines well candidate selection, project management, engineering, intervention services, monitoring, metering and marine logistics within a single coordinated execution model.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
The project reflects a broader industry shift toward integrated production and recovery solutions that combine technical expertise, coordinated execution and production management to safely and efficiently improve asset performance.

</li>
</ul><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About SLB</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
SLB (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SLB">SLB</a>) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.slb.com&amp;esheet=54590888&amp;newsitemid=20260818411675&amp;lan=en-US&amp;anchor=slb.com&amp;index=1&amp;md5=ecf78b0e0fb5f896c7ded2936ddefeb7" shape="rect">slb.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Cautionary Statement Regarding Forward-Looking Statements:</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release contains "forward-looking statements" within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as "expect," "may," "can," "estimate," "intend," "anticipate," "will," "potential," "projected&#34; and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260818411675r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260818411675/en/" rel="nofollow">https://www.businesswire.com/news/home/20260818411675/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Media 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Josh Byerly – SVP of Global Communications
<br xmlns="http://www.w3.org/1999/xhtml"></br>Moira Duff – Director of External Communications
<br xmlns="http://www.w3.org/1999/xhtml"></br>SLB
<br xmlns="http://www.w3.org/1999/xhtml"></br>Tel: +1 (713) 375-3407
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@slb.com" shape="rect">media@slb.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investors 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>James R. McDonald – SVP of Investor Relations &amp; Industry Affairs
<br xmlns="http://www.w3.org/1999/xhtml"></br>Joy V. Domingo – Director of Investor Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br>SLB
<br xmlns="http://www.w3.org/1999/xhtml"></br>Tel: +1 (713) 375-3535
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investor-relations@slb.com" shape="rect">investor-relations@slb.com</a>

</p>

SLB to Support Offshore Production Restoration for Brunei Shell Petroleum

SLB Wins Brunei BSP Contract to Restore Production from Shut-In Offshore Wells

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Integrated execution model combines multiple disciplines to improve recovery from mature offshore assets


Global energy technology company SLB (NYSE:SLB) today announced it has been awarded a contract by Brunei Shell</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>SLB has won a Brunei Shell Petroleum contract to support recovery from shut-in wells across several offshore fields. The program uses an integrated production restoration model combining subsurface evaluation, candidate selection, engineering and offshore execution to improve recovery from mature assets. This deal underscores a broader shift toward integrated, end-to-end recovery solutions in the offshore sector.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>SLB wins BSP contract to restore production from shut-in offshore wells across multiple fields.</li><li>Scope spans subsurface evaluation, engineering and offshore execution.</li><li>Integrated production restoration solution first deployment for BSP. Combines multiple disciplines.</li><li>Industry shift toward integrated recovery solutions for mature offshore assets.</li><li>Forward-looking statements subject to risks; benefits realization uncertain.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>SLB (SLB)</strong>: Main contractor; direct impact on SLB&#039;s revenue and backlog from BSP contract.</li><li><strong>Brunei Shell Petroleum (BSP)</strong>: Customer; private company; potential recurring revenue if expansion across Brunei fields.</li></ul>
  </section>

  <section data-block="category">
    <h3>Industry News</h3>
    <p>Industry News; highlights SLB&#039;s expanded integrated-service capabilities and a trend toward integrated production-restoration solutions for mature offshore assets.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>BSP contract signals growing client demand for integrated offshore restoration.</li><li>First deployment may become a reference for Brunei assets and similar fields.</li><li>News may modestly lift SLB shares on backlog and sustainability themes.</li><li>No disclosed contract value; financial impact depends on scope and follow-on work.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Contract awarded to Brunei Shell Petroleum to restore production from shut-in wells across multiple offshore fields.</li><li>Integrated production restoration solution includes subsurface evaluation, well candidate selection, engineering and offshore execution.</li><li>Program covers project management, intervention services, monitoring, metering and marine logistics.</li><li>First deployment of SLB&#039;s integrated restoration solution for BSP.</li><li>Date of press release: August 18, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Integrated capability win could lift SLB backlog and revenue visibility in 6-12 months.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Integrated execution model combines multiple disciplines to improve recovery from mature offshore assets</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Global energy technology company SLB (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SLB">SLB</a>) today announced it has been awarded a contract by Brunei Shell Petroleum (BSP) to support production restoration from shut-in wells across multiple offshore fields.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The contract scope spans subsurface evaluation, well candidate selection, engineering and offshore execution. Project management, intervention services, monitoring, metering and marine logistics are integrated within a single coordinated execution model designed to support efficient production restoration.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Building on our long collaboration in the region, this contract reflects a shared commitment to maximizing value from existing offshore resources," said Gokhan Yarim, senior vice president of Integration, SLB. "Together with BSP, we are combining SLB’s production expertise and integrated execution capabilities to help restore production from shut-in wells, increase recovery from existing infrastructure and support BSP’s long-term production objectives."

</p><p xmlns="http://www.w3.org/1999/xhtml">
The project marks the first deployment of an integrated production restoration solution for Brunei Shell Petroleum, bringing together multiple disciplines, services and workflows to optimize recovery from mature offshore assets. The program also aligns with standard Well, Reservoir and Facility Management methodology through coordinated surveillance, engineering and intervention planning. This supports a structured approach to optimizing production while maintaining safe and efficient operations across mature offshore assets.

</p><p xmlns="http://www.w3.org/1999/xhtml">
As operators increasingly prioritize maximizing recovery from existing assets, mature offshore fields present both opportunity and complexity. This award reflects a broader industry shift toward integrated production and recovery solutions that combine technical expertise, coordinated execution and production management to safely and efficiently improve asset performance.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Key Points:</b>

</p><ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc">
<li xmlns="http://www.w3.org/1999/xhtml">
SLB has been awarded a contract by Brunei Shell Petroleum to support production restoration from shut-in wells across multiple offshore fields.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
The project marks the first deployment of SLB&#39;s integrated production restoration solution for Brunei Shell Petroleum, bringing multiple disciplines, services and workflows together through an integrated execution model.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
The integrated production restoration program combines well candidate selection, project management, engineering, intervention services, monitoring, metering and marine logistics within a single coordinated execution model.

</li>
<li xmlns="http://www.w3.org/1999/xhtml">
The project reflects a broader industry shift toward integrated production and recovery solutions that combine technical expertise, coordinated execution and production management to safely and efficiently improve asset performance.

</li>
</ul><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About SLB</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
SLB (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SLB">SLB</a>) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.slb.com&amp;esheet=54590888&amp;newsitemid=20260818411675&amp;lan=en-US&amp;anchor=slb.com&amp;index=1&amp;md5=ecf78b0e0fb5f896c7ded2936ddefeb7" shape="rect">slb.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Cautionary Statement Regarding Forward-Looking Statements:</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release contains "forward-looking statements" within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as "expect," "may," "can," "estimate," "intend," "anticipate," "will," "potential," "projected&#34; and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260818411675r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260818411675/en/" rel="nofollow">https://www.businesswire.com/news/home/20260818411675/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Media 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Josh Byerly – SVP of Global Communications
<br xmlns="http://www.w3.org/1999/xhtml"></br>Moira Duff – Director of External Communications
<br xmlns="http://www.w3.org/1999/xhtml"></br>SLB
<br xmlns="http://www.w3.org/1999/xhtml"></br>Tel: +1 (713) 375-3407
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@slb.com" shape="rect">media@slb.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investors 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>James R. McDonald – SVP of Investor Relations &amp; Industry Affairs
<br xmlns="http://www.w3.org/1999/xhtml"></br>Joy V. Domingo – Director of Investor Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br>SLB
<br xmlns="http://www.w3.org/1999/xhtml"></br>Tel: +1 (713) 375-3535
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investor-relations@slb.com" shape="rect">investor-relations@slb.com</a>

</p>

SLB has won a Brunei Shell Petroleum contract to support recovery from shut-in wells across several offshore fields. The program uses an integrated production restoration model combining subsurface evaluation, candidate selection, engineering and offshore execution to improve recovery from mature assets. This deal underscores a broader shift toward integrated, end-to-end recovery solutions in the offshore sector.

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SLB to Support Offshore Production Restoration for Brunei Shell Petroleum

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