SLB has announced the acquisition of RESMAN Energy Technology from Nordic Capital to enhance its wireless reservoir surveillance capabilities and support the ongoing energy transition.

Target Company Overview

SLB, a prominent global technology company listed on the NYSE under the symbol SLB, has entered into a definitive agreement to acquire RESMAN Energy Technology, a worldwide leader in wireless reservoir surveillance solutions. Founded with a focus on innovative technologies, RESMAN specializes in advanced chemical tracers that facilitate precise tracking of water, gas, oil, and CO2 movements within reservoirs and wells. This technology is integral for optimizing production and enhancing recovery rates.

RESMAN's state-of-the-art tracer technology allows operators to monitor reservoir flow seamlessly, achieving exceptional accuracy at detection levels down to parts per trillion (ppt). Such precision is critical for performance tracking in well production and monitoring, covering sectors like oil and gas, CO2 storage, and geothermal applications. The integration of production tracers with completion equipment aids operators in identifying zones that yield unwanted fluids, thereby enabling more effective intervention strategies and optimizing overall production efficiency.

Industry Overview

The energy sector is currently experiencing significant transitions towards sustainable practices, particularly in countries leading the charge in energy innovation. Many nations are investing heavily in technologies that facilitate the monitoring and m