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SLB Advances Digital Oilfield Strategy With Azule Energy Deal
Benzinga· 2026-03-31 17:04
Core Viewpoint - SLB shares are experiencing steady gains, driven by positive market sentiment and a significant agreement with Azule Energy to expand the use of SLB's Delfi digital platform in Angola [1][2]. Group 1: Agreement and Digital Platform Expansion - The agreement with Azule Energy aims to enhance execution reliability and decision-making through the Delfi digital platform [2]. - This deal builds on two years of Delfi usage within Azule's reservoir organization, supporting reservoir studies, modeling, simulation, and well planning [3]. - The initiative reflects a move towards enterprise-scale digital operations, leveraging SLB's cloud-based capabilities to improve workflow integration and operational efficiency [3]. Group 2: Local Deployment and Operational Benefits - The partnership will utilize SLB's Luanda Performance Center for local deployment of digital solutions that connect various workflows and data [4]. - Early deployments have demonstrated benefits, such as integrated well planning tools like DrillPlan, which have reduced planning cycles from days to hours and improved automation [4]. Group 3: Financial Outlook and Analyst Consensus - SLB is expected to provide its next financial update on April 24 [5]. - The stock carries a Buy Rating with an average price target of $53.28, with recent analyst upgrades from Bernstein, Goldman Sachs, and Jefferies [6][7]. - EPS is estimated at 58 cents (down from 72 cents), while revenue is estimated at $8.79 billion (up from $8.49 billion) [7].