SLB Rolls Out New Capabilities for Petrel Subsurface Software Platform
Oilfield services giant SLB announced an update to its Petrel subsurface software platform, the widely used toolset that geoscientists and reservoir engineers rely on to map underground formations, model reservoirs, and plan drilling programs across upstream operations.
Petrel sits at the center of many exploration and production workflows, integrating seismic interpretation, geological modeling, and well planning into a single environment. Updates to the platform matter because operators use these models to decide where to drill, how to complete wells, and how to forecast recovery from existing assets — decisions with direct cost and production implications.
The release underscores SLB’s broader push into digital services, a business line the company has positioned as a complement to its traditional drilling, measurement, and production equipment offerings. Software platforms like Petrel generate recurring subscription revenue and deepen customer relationships beyond individual drilling campaigns.
SLB shares closed the latest session at $57.10, up 0.18% from the prior close of $57.00, valuing the company at roughly $84.7 billion.
What to watch
- Adoption metrics or customer case studies tied to the new Petrel capabilities, which SLB may disclose in upcoming quarterly updates.
- SLB’s digital revenue commentary in its next earnings report, given the platform’s role in the digital services portfolio.
- Competitive developments in subsurface software, as operators weigh integrated platforms against standalone modeling tools.
Source: original release
