SLB – formerly Schlumberger – is to acquire global wellbore technology firm Gyrodata in a bid to integrate its proprietary tech for use in SLB services.
Gyrodata, which specialises in gyroscopic wellbore positioning and survey technology will be brought into SLB’s (NYSE:SLB) well construction unit, with the energy services giant promising more innovative drilling solutions for its clients.
Founded and headquartered in Houston, the privately held group reportedly employs around 1,000 people across operations in 50 countries, including at its Europe, Africa and Caspian regional base in Aberdeen’s Bridge of Don.
It is not known if the acquisition will result in redundancies in any of the group’s operating regions. SLB has been approached for comment.
SLB said the deal would enable it to improve wellbore quality and reduce drilling risks, and would involve integrating the company’s three-axis solid state gyro measurements with its own innovations, including Neuro autonomous systems, to ensure “tighter trajectory control, reduce data acquisition time and improve the decision-making process” to offer greater overall drilling efficiency.
The deal is expected to close towards the end of this year, subject to regulatory approvals.
“The integration of Gyrodata’s innovative sensors and proprietary technologies within SLB’s drilling and logging suites will result in the most accurate and highly optimized well placement services in the industry,” said Jesus Lamas, president, Well Construction, SLB.
“This will transform drilling technology designs while advancing SLB’s autonomous, self-steering capabilities. I am excited about welcoming the Gyrodata team into SLB’s Well Construction division.”
“After more than 42 years as an independent company, we are ecstatic about becoming a part of SLB,” said Robert Trainer, president and CEO, Gyrodata. “This combination will create important synergies between our technology platforms, bringing immediate and significant benefits for our customers. We look forward to accelerating the next step-change of this technology revolution as part of the world’s leading provider of technology and services to the energy industry.”
News of deal arrived at the same time as the servuces giant announced plans for a new “Performance Centre” in Aberdeen. Based at Prime Four in Kingswells, the facility will have space for up to 100 employees and is due to open on November 10.
SLB said the new facility was timed to coincide with its recent rebrand from Schlumberger, whereby it recast itself as a digital services provider for the energy transition.
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