Published: 07/26/2023
Published: 07/26/2023
HOUSTON, July 26, 2023—SLB (NYSE: SLB) and Eni, through its subsidiary Enivibes, have announced an alliance to deploy e-vpms® (Eni Vibroacoustic Pipeline Monitoring System) technology, an innovative vibroacoustic wave detection system capable of providing real-time analysis, monitoring and leak detection for pipelines around the world.
Enivibes will bring the new proprietary pipeline integrity technology to the global market through SLB’s industry-leading digital expertise and operations in more than 100 countries. The e-vpms technology can be retrofitted to any pipeline, regardless of age, providing immediate integrity data essential for maintaining a network’s continually reliable operation.
The alliance covers the deployment of e-vpms® technology for pipelines transporting liquid hydrocarbons and produced water and enables the detection of product loss attributable to external events such as attempted product theft or accidental impact, corrosion related leak events, and land movement events caused by earthquakes or landslides.
“The e-vpms technology will equip operators with the ability to extract real-time data from even their oldest assets,” said Ziad Jeha, business line director, Midstream Production Systems, SLB. “Operators will be able to receive reliable and specific real-time information, allowing for focused and timely responses, especially in instances of an environmental nature.”
SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
Enivibes (76% Eni, 16% Aresys and 8% Solgeo) is the first venture established in March 2023 as part of the activities of Eniverse, the Corporate Venture Builder that enhances the value of Eni's proprietary technology through the identification, creation and development of high-potential startups that explore new markets, promoting just transition and creating short-medium term value. Find out more at enivibes.com
Eni is an integrated energy company with more than 32,000 employees in 62 countries around the world. In 2020, the company launched a new strategy, further accelerated in the following years, that will enable it to reach the target of zero net emissions by 2050 and to provide a variety of fully decarbonized products, combining environmental and financial sustainability, focusing on the technological leadership that has been built up over years of research and innovation. Find out more at eni.com
James R. McDonald
SVP of Investor Relations & Industry Affairs
Joy V. Domingo
Director of Investor Relations
Office +1 (713) 375-3535
investor-relations@slb.com
Moira Duff
Director of External Communications
Office +1 (713) 375-3407
media@slb.com
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This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
