SLB production chief Sims says mature fields drive need to boost recovery from existing assets

Reuters2026/09/08 19:07

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SLB management flagged mature fields as the industry’s near-term growth lever as new discoveries become fewer and more marginal.
About 70% of global output comes from post-peak assets, rising toward 80% by 2030, with reserve replenishment near 30%.
Focus on integrated production optimization to arrest decline, cut downtime, lower unit costs, improve recovery from existing reservoirs.
Digital workflows using AI, physics-based models, automation, real-time data to identify constraints earlier, speed execution across systems.
SLB cited a North Sea program that lifted intervention success rates to 90% from 65% through a holistic, connected approach.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Schlumberger Ltd. published the original content used to generate this news brief on September 08, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SLB production chief Sims says mature fields drive need to boost recovery from existing assets

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