SLB Partners with Star Energy to Expand Geothermal Energy Initiatives
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Should l Buy SLB?
Source: Benzinga
- Geothermal Project Collaboration: SLB has signed multiple agreements with Star Energy Geothermal, a subsidiary of Barito Renewables, to advance the Sekincau geothermal project in Indonesia, marking a significant expansion in SLB's geothermal energy initiatives.
- Global Energy Impact: Hendra Tan, President Director of Star Energy Geothermal, emphasized that this collaboration is crucial for establishing Indonesia's role in the global geothermal energy landscape, enhancing adaptability on an international scale.
- Technology and Execution Advantage: SLB will leverage its global execution experience and subsurface expertise to enhance planning and implementation capabilities for geothermal projects, driving sustainable energy development in Indonesia and beyond.
- Contract Gains: SLB has also secured a $1.5 billion contract with Kuwait Oil Company for the Mutriba field, covering design and development, further solidifying its market position in high-pressure, high-temperature reservoirs.
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Analyst Views on SLB
Wall Street analysts forecast SLB stock price to rise
16 Analyst Rating
16 Buy
0 Hold
0 Sell
Strong Buy
Current: 47.190
Low
43.00
Averages
48.71
High
55.00
Current: 47.190
Low
43.00
Averages
48.71
High
55.00
About SLB
SLB N.V. is a global technology company. The Company’s segments include Digital, Reservoir Performance, Well Construction, Production Systems, and All Other. Digital segment includes products, services, and solutions that span the energy value chain from subsurface characterization through field development and hydrocarbon production to carbon management and the integration of adjacent energy systems. Reservoir Performance segment consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. Well Construction segment provides operators and drilling rig manufacturers with services and products related to the design and construction of a well. Production Systems segment develops technologies and provides expertise that enhances production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. All Other segment includes asset performance solutions, data center solutions and SLB Capturi.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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