SLB Partners with Petronas for Suriname Oil and Gas Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy SLB?
Source: seekingalpha
- Project Collaboration: SLB has partnered with Malaysian national oil company Petronas to jointly develop oil and gas projects in Suriname's frontier basin, marking a strategic collaboration despite undisclosed financial terms.
- Ownership Structure: Petronas holds an 80% stake in Suriname's offshore Block 52, while the state-owned oil company Staatsolie retains 20%, providing a solid foundation for the project's advancement.
- Technical Integration Alliance: The collaboration will leverage the Subsea Integration Alliance, combining the strengths of SLB OneSubsea and Subsea7 to deliver comprehensive engineering, procurement, construction, installation, and commissioning solutions, ensuring effective development of multiple discoveries.
- Long-Term Framework: The agreement establishes a long-term collaboration framework aimed at co-developing and co-creating cost-effective solutions through early involvement, accelerating field development, and enhancing project economics.
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Analyst Views on SLB
Wall Street analysts forecast SLB stock price to fall
16 Analyst Rating
16 Buy
0 Hold
0 Sell
Strong Buy
Current: 50.350
Low
43.00
Averages
48.71
High
55.00
Current: 50.350
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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- Project Collaboration: SLB has partnered with Malaysian national oil company Petronas to jointly develop oil and gas projects in Suriname's frontier basin, marking a strategic collaboration despite undisclosed financial terms.
- Ownership Structure: Petronas holds an 80% stake in Suriname's offshore Block 52, while the state-owned oil company Staatsolie retains 20%, providing a solid foundation for the project's advancement.
- Technical Integration Alliance: The collaboration will leverage the Subsea Integration Alliance, combining the strengths of SLB OneSubsea and Subsea7 to deliver comprehensive engineering, procurement, construction, installation, and commissioning solutions, ensuring effective development of multiple discoveries.
- Long-Term Framework: The agreement establishes a long-term collaboration framework aimed at co-developing and co-creating cost-effective solutions through early involvement, accelerating field development, and enhancing project economics.
See More

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