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SLB Secures Major Drilling Deal for Woodside's Trion Project
ZACKSยท 2025-04-01 12:00
Core Insights - SLB has secured a significant drilling contract from Woodside Energy for the ultra-deepwater Trion development offshore Mexico, involving the drilling of 18 ultra-deepwater wells over three years with AI-enabled capabilities to enhance operational efficiency and well quality [1][2] Group 1: Contract Details - The contract includes an integrated services approach, covering digital directional drilling services, logging while drilling (LWD), surface logging, cementing, drilling and completion fluids, completions, and wireline services, with water depths reaching up to 2,500 meters [2] - SLB's expertise in ultra-deepwater drilling and advanced AI-driven technologies will ensure safe, efficient, and reliable development of the Trion wells, with a focus on local talent and supply chains in Mexico to meet project timelines [3] Group 2: Operational Efficiency - SLB's Performance Live digital service delivery centers will manage operations, optimizing drilling performance through real-time data analytics and AI-driven automation, aiming to minimize downtime and enhance precision in well construction [4] Group 3: Strategic Importance - The contract is a crucial step in advancing the Trion project's drilling phase, reinforcing SLB's strategic presence in Mexico's offshore energy sector, with first production expected in 2028 [6]