(WO) – SLB has agreed to amass the upstream geoscience and petroleum engineering software program portfolio of S&P International’s power division, increasing its digital subsurface capabilities and presence in U.S. unconventional workflows.
The software program suite is extensively utilized by onshore operators for planning, interpretation and reservoir evaluation, significantly in high-activity shale basins the place fast drilling cycles and steady optimization drive demand for data-intensive workflows.
SLB stated the acquisition will complement its present digital portfolio by including instruments centered on day-to-day technical workflows, alongside its superior modeling and simulation capabilities. The corporate plans to combine the software program with its broader digital platforms, together with AI-enabled purposes, whereas sustaining continuity for present customers.
“Unconventional markets demand pace, scale and effectivity,” stated CEO Olivier Le Peuch, noting the significance of software program in supporting operational decision-making throughout U.S. land belongings.
The deal additionally features a collaboration between the businesses to develop new AI fashions utilizing SLB’s digital platforms and S&P International’s upstream information, aimed toward bettering subsurface evaluation and planning.
The transaction is anticipated to shut within the second half of 2026 or early 2027, topic to regulatory approvals.
The transfer displays continued funding in digital applied sciences as operators look to enhance effectivity and efficiency in more and more advanced and data-driven upstream environments.
