HOUSTON-SLB (NYSE: SLB), a global energy technology company, announced today that it has entered into a definitive agreement to sell its interest in the Palliser Block in Alberta, Canada.
The Palliser Block includes oil and gas wells, surface facilities, pipeline networks and certain oil and gas development rights. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close by the end of the fourth quarter of 2024.
About SLB
SLB (NYSE: SLB) is a global technology company driving energy innovation for a balanced planet. We operate in more than 100 countries and employ people from nearly twice as many countries as we do business. Every day we work to accelerate the energy transition by innovating in oil and gas, digitizing at scale, decarbonizing the industry, and developing and scaling new energy systems. For more information, visit slb.com .
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws, which are statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “could,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “project,” and other similar expressions. Forward-looking statements involve matters that are, to varying degrees, uncertain. For example, forecasts or expectations regarding the deployment of or expected benefits of SLB’s new technologies and partnerships; statements regarding goals, plans and projections for sustainable discovery and environmental issues; forecasts or projections regarding energy transportation 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 failure to achieve net negative carbon emissions goals; the failure to realize the expected benefits from SLB’s strategies, initiatives or partnerships; legislative and regulatory initiatives to address environmental issues, including initiatives to address the effects 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 the Securities and Exchange Commission. Should one or more of these or other risks or uncertainties materialize (or should the consequences of such developments change), or should underlying assumptions prove incorrect, actual results could vary materially from those reflected in our forward-looking statements. Forward-looking statements speak only as of the date of this press release. SLB disclaims any intention or obligation to publicly update or revise such statements, whether as a result of new information, future events or otherwise.
Disclaimer: The original version of this announcement is the official authorized version. The translation is for convenience only. Please refer to the original text, which is the only version with legal effect.
Contacts
MediaJosh
Byerly – Senior Vice President of CommunicationsMoira
Duff – Director of External CommunicationsSLB
Phone
: +1 (713) 375-3407
media@slb.com
Investors
James R. McDonald – Senior Vice President, Investor Relations and Industry Affairs
Joy V. Domingo – Director, Investor Relations
SLB
Phone: +1 (713) 375-3535
investor-relations@slb.com
