Schlumberger Awarded Extensive Service Contract for Tilenga Onshore Oil Development in Uganda by TotalEnergies

Rhea-AI Summary

Schlumberger has been awarded a significant contract by TotalEnergies for its Tilenga onshore oil development in Uganda. This contract includes directional drilling services, completions, artificial lift solutions, and wellheads for the project, which encompasses six fields and up to 426 wells across 31 wellpads. The drilling operations are set to commence in Q4 2022. Schlumberger's commitment to a national content development plan aims to support local economic growth through education, HSE stewardship, and digital enablement.

Positive

• Awarded a major contract by TotalEnergies for the Tilenga project in Uganda.
• Contract includes comprehensive drilling and production services for up to 426 wells.
• Commitment to local economic development through education and HSE initiatives.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Regulatory News:

Schlumberger announced today that it has been awarded an extensive contract for drilling, completions and production services by TotalEnergies for its Tilenga onshore oil development in Uganda.

The scope of the contract includes the provision of directional drilling services, upper completions, lower completions, artificial lift solutions, and wellheads for the Tilenga development, which comprises six fields with up to 426 wells, which will be developed across 31 wellpads.

“The Tilenga project is strategically significant to accelerated economic growth in Uganda. Schlumberger has committed to a comprehensive national content development plan, supporting TotalEnergies with environmental, social, and governance (ESG) initiatives and in-country value creation. This will be achieved through local capacity building, localization of supply chain, education development, HSE stewardship, and digital enablement,” said Wallace Pescarini, president, Offshore Atlantic, Schlumberger.

Drilling activities are expected to begin in Q4 2022.

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220307006075/en/

Media

Giles Powell – Director of Corporate Communication, Schlumberger Limited

Tel: +1 (713) 375-3494

communication@slb.com

Investors

Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited

Joy V. Domingo – Director of Investor Relations, Schlumberger Limited

Tel: +1 (713) 375-3535

investor-relations@slb.com

Source: Schlumberger

FAQ

What is the SLB contract with TotalEnergies about?

Schlumberger's contract with TotalEnergies involves drilling, completions, and production services for the Tilenga onshore oil development in Uganda.

How many wells will the Tilenga project include?

The Tilenga project will include up to 426 wells across six fields.

When will drilling activities begin for the Tilenga project?

Drilling activities for the Tilenga project are expected to begin in Q4 2022.

What services will Schlumberger provide under the SLB contract?

Schlumberger will provide directional drilling, upper and lower completions, artificial lift solutions, and wellheads.