Business Wire

SLB Introduces Low-Carbon Alternative for Well Construction Cement

Share

SLB (NYSE: SLB) today introduced the EcoShield™ geopolymer cement-free system that minimizes the CO2 footprint of a well’s construction. This innovative technology eliminates up to 85 percent of embodied CO2 emissions compared with conventional well cementing systems, which include portland cement. The EcoShield system has the potential to avoid up to 5 million metric tons of CO2 emissions annually—the equivalent of removing 1.1 million cars from the road each year.

“Decarbonizing the well construction process while ensuring safety and performance standards is critical to our industry’s pathway to net zero,” said Jesus Lamas, SLB’s president of Well Construction. “The cement-free EcoShield system is a breakthrough that delivers industry-standard zonal isolation capabilities while significantly minimizing impact from upstream oil and gas production.”

In addition to its embodied CO2 emissions, portland cement creates significant transportation-related emissions from manufacture to deployment. The EcoShield system uses locally sourced natural materials and industrial waste streams in its composition, making this a far more sustainable well integrity method.

The cement-free system can be deployed throughout various phases of the well life cycle including abandonment. It can also be deployed across a range of field applications, including corrosive environments.

In the Permian Basin, Pioneer Natural Resources successfully deployed SLB’s novel cement-free technology on an 18-well field testing campaign and continues with its use. This successful pilot program in North America proved the performance of this unique cement free solution while substantially reducing the CO2 footprint in the well construction process. Field trials validated the ability of the technology to fit within standard oilfield cementing workflows without major changes to the design process, onsite execution, or post-job evaluation.

The EcoShield system is part of the SLB Transition Technologies™ portfolio, which includes proven technologies that drive high performance while reducing CO2 emissions. Today’s announcement was made as part of CERAWeek, the world’s premier energy event taking place in Houston through March 10. Many of this week’s topics are centered on the energy transition and the challenges surrounding scalability.

“EcoShield is an example of forward-thinking, innovative solutions that will be able to be scaled and deployed in order to help continue the decarbonization of the oil and gas industry,” Katharina Beumelburg, SLB’s Chief Strategy and Sustainability Officer said. “These types of more sustainable, lower-carbon technologies are critically important today as we continue to discover and develop the new energy solutions of tomorrow.”

About SLB

SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. 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 slb.com.

Cautionary Statement Regarding Forward-Looking Statements

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" 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; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; 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.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Media
Moira Duff
Director of External Communication
Tel: +1 (713) 375-3407
Email: media@slb.com

Investors
Ndubuisi Maduemezia
Vice President of Investor Relations
Joy V. Domingo
Director of Investor Relations
Tel: +1 (713) 375-3535
Email: investor-relations@slb.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Libertex Launches “Push for More” Brand Campaign with FC Bayern7.6.2023 15:44:00 EEST | Press release

Libertex, one of the leading online trading platforms, have launched “Push for More”, a brand-new campaign in partnership with FC Bayern, the recently crowned 2022/2023 Bundesliga Champions. The campaign aims to engage and inspire people around the world to act with more confidence, trust and self-belief in order to achieve success. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230607005453/en/ FC Bayern’s Matthijs de Ligt, Eric Maxim Choupo-Moting and Leroy Sané, featured in Libertex’s latest brand campaign. (Photo: Libertex & FC Bayern) The new brand campaign is the first created by Libertex utilising FC Bayern players since they announced a multi-year partnership together in August 2022, which saw Libertex become the first Online Trading Partner of FC Bayern for CFD and foreign exchange trading. The joint campaign launch video features current FC Bayern stars Matthijs de Ligt, Eric Maxim Choupo-Moting and Leroy Sané, all

Fluence Announces Major Presence and Product Launch at GreenTech Amsterdam 20237.6.2023 15:30:00 EEST | Press release

Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, announced today it will attend the 2023 GreenTech Amsterdam conference, which will include speaking sessions by Fluence industry experts Steve Graves, senior vice president of strategy and product, Timo Bongartz, general manager of EMEA, Theo Tekstra, technical director of EMEA, and Dr. David Hawley, principal scientist for Fluence. Fluence’s presence will also include an in-booth expert session with Dominique van Gruisen, managing director of Innexo BV. The LED lighting leader also announced the launch of the newest generation of VYPR, a high-performance linear top light for greenhouse crops, which will be available for public viewing and demonstration at Fluence’s stand during GreenTech, the leading global meeting place for the horticulture industry. In addition to VYPR, attendees will also be able to interact with Fluence’s comprehensive product suite, including

Spot by NetApp Survey Highlights the Enterprise-Wide Importance of CloudOps and Identifies Key Challenges for Cloud Teams to Achieve Success7.6.2023 15:00:00 EEST | Press release

NetApp® (NASDAQ: NTAP), a global, cloud-led, data-centric software company, today released its 2023 State of CloudOps report, an annual survey exploring the current state of CloudOps and how IT decision makers feel about the ways their organizations are working to optimize their environments. The report found that only 33% of executives are “very confident” in their ability to operate in a public cloud environment, an increase from 2022 when only 21% reported feeling very confident. “Cloud operations is critical to realizing the benefits of cloud for infrastructure and applications,” said Haiyan Song, Executive Vice President and General Manager, CloudOps at NetApp. “This research demonstrates that although organizations face challenges in their cloud operations, they also recognize the importance of investments in areas including automation and FinOps to overcome those challenges.” Key Findings from Spot by NetApp’s 2023 State of CloudOps Report: Cloud operations remain a struggle for

PPG’s New Paint for a New Start initiative to beautify schools worldwide with colorful makeovers7.6.2023 15:00:00 EEST | Press release

PPG (NYSE:PPG) today announced that it will dedicate June, July and August 2023 to completing more than 25 colorful and transformative school makeovers worldwide through its New Paint for a New Start initiative, part of the company’s COLORFUL COMMUNITIES® program. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230607005072/en/ In June, July and August 2023, PPG employees worldwide will transform learning environments and create transformative school makeovers through the New Paint for a New Start initiative. (Photo: Business Wire) In the second year of New Paint for a New Start, PPG employees will volunteer their time to transform learning environments. Using PPG paint products and color expertise, each project aims to create engaging spaces for students to learn and grow. “PPG employees from every region are coming together once again to protect and beautify schools and learning spaces and inspire bright starts for students

Organon and CAF, Development Bank of Latin America, Launch First-of-Its-Kind Collaboration to Increase Sustainable Financing in Women’s Health7.6.2023 14:30:00 EEST | Press release

Today, Organon (NYSE:OGN), a global healthcare company focused on women’s health, and CAF, Development Bank of Latin America, signed a memorandum of understanding (MOU) to contribute to the United Nations Sustainable Development Goals through the design, structure and implementation of sustainable programs that promote and improve equity, health and autonomy of girls and women in Latin America and the Caribbean. Across the globe, tremendous gaps exist in women’s health that can potentially prevent women and thus economies from achieving their full potential. Sustainable financing can advance progress in women’s health by mobilizing capital towards initiatives that might not otherwise receive adequate support like increasing access to sexual and reproductive health education and healthcare services. Sustainable financing is one potential solution to address constrained government budgets while catalyzing healthcarei and socioeconomic progress. Health-focused social impact investments –

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom