REG-TotalEnergies SE Digital Innovation: TotalEnergies to Partner with SLB for a more Sustainable Energy

TotalEnergies SEAnnouncement

02/07/2024 14:00

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Digital Innovation: TotalEnergies to Partner with SLB for a more Sustainable
Energy

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and SLB join forces to develop
innovative subsurface digital solutions and contribute to a more sustainable
hydrocarbon production and the implementation of TotalEnergies’ “More
energy, less emissions, more value” strategy.

Digital innovation for a more sustainable energy

Combining their many years of operational expertise and their software
development capabilities, the teams at TotalEnergies and SLB will jointly
develop next-generation software available in the cloud.

These new digital tools will improve modeling of the subsurface to optimize
production and make it more responsible. They will also leverage the potential
of the data collected, through IA, for the purposes of reducing existing
fields’ carbon intensity and meeting new needs in geological carbon storage.

The new software will build on the earlier efforts of both partners with
Intersect, a latest-generation reservoir simulator.

Bespoke and competitive solarization of SLB’s industrial sites

TotalEnergies’ teams are also supporting SLB by solarizing its industrial
sites worldwide, through agreements signed in Oman, the United Arab Emirates,
and Japan, allowing TotalEnergies to support SLB’s energy transition with
bespoke and competitive solutions that come with the guarantee of price
visibility, while limiting its carbon footprint.

“We are delighted to develop our multi-energy partnerships with SLB through
solarization of SLB’s industrial sites and digital innovation that will
allow us to develop cutting-edge next-generation software, digital
applications and new algorithms applied to geoscience. Thanks to these
innovative modeling technologies, we will better utilize the analyses of
geological reservoirs and basins in the Oil & Gas sector to reduce
emissions and we will progress in geological carbon storage,” said Namita
Shah, President, OneTech at TotalEnergies

“Collaboration and knowledge sharing are key for our industry to
continuously develop more effective ways of unlocking energy access,” said
Rakesh Jaggi, President of SLB’s Digital & Integration business. “With
this visionary partnership, we’re combining the know-how and expertise of
both companies to accelerate the delivery of new digital capabilities that
will benefit the whole industry.”

***

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more affordable and more
sustainable. Active in about 120 countries, TotalEnergies places
sustainability at the heart of its strategy, its projects and its operations.

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
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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).

TotalEnergies 

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

SLB 

Media Relations: Moira Duff – Director of External Communications SLB

Tel: +1 (713) 375-3407 media@slb.com 
(mailto:media@slb.com) 
Investor Relations: James R. McDonald – Vice President of Investor Relations

Joy V. Domingo – Director of Investor Relations SLB

Tel: +1 (713) 375-3535 investor-relations@slb.com
(mailto:investor-relations@slb.com)



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