Schlumberger-London (SLB) awarded offshore production restoration contract in Brunei
Schlumberger Limited (SLB) has secured a contract with Brunei Shell Petroleum (BSP) to restore production from shut-in wells across multiple offshore fields. The agreement involves an integrated execution model covering subsurface evaluation, engineering, project management and logistics. SLB will coordinate these services under one framework aimed at streamlining restoration efforts in mature assets. This marks the first time BSP is using such a unified approach for production recovery, combining well, reservoir, and facility management methodologies to enhance efficiency and safety. The collaboration builds on an existing long-term relationship between SLB and Shell's joint venture partner in Brunei. Financial terms of the deal were not disclosed by either party. SLB emphasized that this contract reflects a broader industry shift toward integrated production strategies combining technical expertise with coordinated execution models.
Tickers: $SLB
Topics: energy oil_and_gas production_restoration