TX-SLB

SLB’s End-to-end Emissions Solutions (SEES) business today introduced its next generation methane point instrument, a self-installed continuous methane monitoring system that uses IoT-enabled sensors to quickly and cost effectively detect, locate and quantify emissions across oil and gas operations. Effective monitoring is essential to reduce emissions of methane, a greenhouse gas (GHG) which has a climate change impact up to 84 times greater than carbon dioxide over a 20-year timescale and represents about half of the oil and gas sector’s operational emissions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231003896530/en/

The methane point instrument represents a step change in methane measurement technology, providing operators with industry-leading leak detection sensitivity in a small, durable, first-of-its kind ‘plug-and-play’ solution. The technology automates continuous methane monitoring—eliminating the need for manual data collection during typical intermittent site visits, which only offers producers a small sample of their emissions.

“Designed for ‘always on’, accurate measurement and fast, affordable deployment at any scale, our next generation point instrument widens the accessibility to continuous methane monitoring for the industry, providing producers with a practical pathway to achieve a more complete picture of their emissions profile,” said Kahina Abdeli-Galinier, emissions business director, SLB. “Having this level of insight, with a new level of deployability, is becoming increasingly important for producers as pressure mounts from regulators and the public across the globe to address the near-term warming effects of climate change caused by methane.”

Light and portable, the compact device contains an integrated solar panel, wind measurement and methane sensor. The instrument can be self-installed in minutes, mounted on existing infrastructure and deployed at virtually zero cost—much like a self-installed home security camera. It enables operators to more economically scale up and quickly roll out continuous methane monitoring across their facilities.

The methane point instrument supports the reporting requirements of the Oil & Gas Methane Partnership 2.0, or OGMP—the flagship reporting and mitigation program of the United Nations Environment Programme. It also supports related reporting requirements in the EU and is aligned to satisfy the proposed US EPA rules for methane monitoring at active onshore US production facilities.

Today’s announcement was made as part of ADIPEC, an international platform uniting industry to accelerate urgent, collective and responsible action to decarbonize quicker and future-proof our energy system, taking place in Abu Dhabi through October 5.

SEES was launched in March 2022 and offers a comprehensive set of services and cutting-edge technologies designed to give operators a robust and scalable solution for measuring, monitoring, reporting and, ultimately, eliminating methane and routine flare emissions. Since its launch, SEES has undertaken customer projects worldwide, deploying its portfolio of capabilities, including consulting, optimized surveillance planning, measurements, and interpretation via a secure digital platform.

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.

Cautionary Statement Regarding Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231003896530/en/