
SLB Introduces Digitally Enabled Electric Well Solutions That Maximize Production and Recovery
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 dynamic production conditions — improving reservoir management over the life of the well and accessing reserves that conventional systems leave behind.
'Electris completions take reservoir management to the next level — making it possible for operators to get more out of their assets with fewer requirements for costly well interventions,' said Paul Sims, president, Production Systems. 'With much of the 'easy' oil already produced, operators are encountering more and more complex reservoirs. Electris completions can help shift the production economics in these reservoirs — resulting in higher recovery factors that maximize return on investment from the asset.'
There have been more than 100 installations of Electris completions technologies across five countries. In Norway, Electris completions were deployed offshore to enhance oil production in an extended-reach well. The operator is using intelligence from the system to determine which zones are contributing to production to optimize oil output and minimize produced water. Controlling water production with Electris completions has decreased the energy needed to lift and then pump treated water back into the reservoir.
Today's announcement was made at the Offshore Technology Conference, which is taking place this week in Houston, Texas.
For more information about SLB's Electris electric completions technologies, visit www.slb.com/Electris.
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.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
elf Beauty (ELF) Jumps 9.7% as Analyst Grows More Bullish Despite Product Price Increase
We recently published . e.l.f. Beauty, Inc. (NYSE:ELF) is one of the best-performing stocks on Monday. e.l.f Beauty saw its share prices jump by 9.73 percent on Monday to finish at $111.67 apiece as investors took heart from an investment firm's bullish rating and price target upgrade for its stock. In a market note, Morgan Stanley upgraded e.l.f. Beauty, Inc. (NYSE:ELF) to 'overweight' from 'equal weight' previously, alongside a higher price target of $134 versus $114 prior. The new price suggested a 20-percent upside potential from its latest closing price. Last August 1, e.l.f. Beauty, Inc. (NYSE:ELF) slapped a 14-percent price hike on its products, saying that it would assess how consumers would respond. 'It will take a couple of weeks for that to fully roll out within retail. And so that is something that we're watching for,' e.l.f. Beauty, Inc. (NYSE:ELF) CFO Mandy Fields has said. However, Morgan Stanley posted a more optimistic outlook, saying that consumers typically do not tend to be especially sensitive to price increases 'given the relative importance of beauty products to consumers.' Copyright: citalliance / 123RF Stock Photo Additionally, it underscored that e.l.f. Beauty, Inc.'s (NYSE:ELF) products are relatively cheaper compared with those from its counterparts, and there is less opportunity for consumers to find more affordable substitutes. While we acknowledge the potential of ELF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 minutes ago
- Yahoo
ZIM Integrated (ZIM) Climbs 14.9% on Acquisition Rumors
We recently published . ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is one of the best-performing stocks on Monday. ZIM Integrated grew its share prices by 14.9 percent on Monday to close at $17.81 apiece as investors snapped up shares amid news reports that it was set to go private through a $2.4 billion acquisition plan. According to Israel-based business publication Calcalist, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) and magnate Rami Unger were mulling over the acquisition of all of the company's outstanding shares to merge the former with the tycoon's own shipping company. The reported offer marks a significant premium to ZIM Integrated Shipping Services Ltd.'s (NYSE:ZIM) market capitalization of $1.87 billion. If proven, the acquisition would remove ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) from the roster of publicly listed companies on the New York Stock Exchange. Based on information on its website, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is scheduled to announce the results of its financial and operating highlights for the second quarter of the year before market open next Wednesday, August 20. Investors will also be closely watching out for cues and confirmation about the reported privatization. Photo by Ammiel Jr on Unsplash For full-year 2025, ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is targeting to generate between $1.6 billion and $2.2 billion in adjusted EBITDA, and $350 million to $950 million in adjusted EBIT. While we acknowledge the potential of ZIM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 minutes ago
- Yahoo
XPeng (XPEV) Extends Rally as First Hybrid Vehicle Launch Raises Sales Prospects
We recently published . XPeng Inc. (NYSE:XPEV) is one of the best-performing stocks on Monday. XPeng Inc. rallied for a third consecutive day on Monday, adding 5.97 percent to close at $21.41 apiece, as investors turned optimistic about sales prospects over the looming launch of its first hybrid vehicle. This followed the release of China's Ministry of Industry and Information Technology's catalog of expected vehicle launches, which included XPeng Inc.'s (NYSE:XPEV) hybrid version of the X9 variant, X9 EREV. Shortly after the catalog release, the company's CEO, He Xiaopeng, confirmed that the new vehicle is scheduled to be launched in the fourth quarter of the year, and that it is a global model that was tested in 20 countries and 330 cities. The X9 EREV is slightly longer than the all-electric X9, which is equipped with a 1.5-liter engine as an extender. According to He, XPeng Inc. (NYSE:XPEV) was looking to make X9 EREV a reliable seven-seater family car. In other news, XPeng Inc. (NYSE:XPEV) is set to announce the results of its second quarter earnings performance before market open next Tuesday, August 19. While we acknowledge the potential of XPEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .