SLB Wins Equinor Johan Sverdrup Phase 3 Digital Contract and Invictus Zimbabwe Drilling Deal

Simply Wall St··NOZWUS·Read original
3▲3 ▼0Impact / 5
Summary · why it matters

SLB has been awarded a contract by Equinor to expand real-time leak detection, virtual flow metering and digital production monitoring across the Johan Sverdrup Phase 3 development in the North Sea, while Invictus Energy selected SLB for drilling and well services at the Musuma-1 exploration well in Zimbabwe. The two awards highlight growing adoption of SLB's digital and high-end drilling technologies across both mature offshore hubs and frontier onshore basins. SLB's investment narrative projects $42.2 billion in revenue and $5.6 billion in earnings by 2029, yielding a $61.39 fair value that implies 18% upside to its current price. Some analysts assume a tougher path, with revenue growing only about 2.6% a year to roughly US$39.3 billion and earnings to about US$4.9 billion. The company's expanded NVIDIA collaboration to build an AI Factory for Energy also underlines its push to scale higher margin digital workflows across production and reservoir management.

Impact on assets 5

Energy▲ · 2 stocks
SLB N.V.
0SCL
▲ PositiveDemandrelevance

SLB awarded Equinor Johan Sverdrup Phase 3 digital contract and selected by Invictus Energy for Musuma-1 drilling services

Artificial Intelligence▲ · 2 stocks
NVIDIA Corporation
NVDA
▲ PositiveDemandrelevance

SLB's expanded NVIDIA collaboration to build an AI Factory for Energy signals demand for NVIDIA's AI technology

Energy Transition & Power Demand▲ · 1 stocks
Schlumberger NV
SLB
▲ PositiveDemandrelevance

SLB won Equinor Johan Sverdrup Phase 3 digital contract and Invictus Zimbabwe drilling deal, expanding adoption of its digital and drilling technologies

Off-coverage companies 1

Invictus EnergyPrivate▲ Positive
Demandrelevance

Invictus Energy selected SLB for drilling and well services at its Musuma-1 exploration well in Zimbabwe

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