Schlumberger Acquires Stimline Digital for Full Ownership of IDEX Platform

Schlumberger Limited acquired Stimline Digital AS from various investors, including Tom Fedog, Erik Zachariasen, Skagerak Capital, Skeiegruppen A/S, and Investinor AS, on August 1, 2025. The acquisition gives Schlumberger Limited 100% ownership of Stimline Digital AS and its IDEX platform, which will be integrated with Schlumberger's data environment and advanced intervention applications. Alpha Corporate Finance AS acted as financial advisor for the investors.

On August 1, 2025, Schlumberger Limited (NYSE: SLB) completed the acquisition of Stimline Digital AS, a leading cloud-based software company specializing in well intervention. The acquisition gives Schlumberger full ownership of Stimline Digital AS and its IDEX platform, which will be integrated with Schlumberger's existing data environment and advanced intervention applications. The transaction was advised by Alpha Corporate Finance AS.

The IDEX platform, powered by AI, offers a powerful visualization canvas and collaborative environment for optimizing well intervention operations. It standardizes digital workflows, from planning to real-time execution and post-job analysis. The integration of the IDEX platform with Schlumberger's technology stack aims to create intelligent, data-driven workflows, enhancing consistency, efficiency, and performance in well interventions.

Schlumberger's president, Frederik Majkut, noted, "With 80% of global production expected to come from mature fields by 2030, innovative digital technologies are needed to improve the success rate and economics of interventions." The acquisition of Stimline Digital aims to scale adoption of the IDEX platform, helping the industry standardize cumbersome planning and execution processes.

In addition to well intervention capabilities, the IDEX platform will provide robust procedural adherence solutions for drilling, completions, and plug and abandonment. It will enable teams to collaborate on, review, approve, and publish digital well operations procedures with full traceability and control. The platform will also support real-time execution tracking, ensuring consistent operational performance and improved compliance.

The acquisition comes amidst a period of significant growth and integration for Schlumberger. Earlier in the month, Schlumberger announced the acquisition of ChampionX, which is expected to deliver $400 million in annual pre-tax synergies within three years. This acquisition is part of Schlumberger's broader strategy to innovate and enhance its offerings in the energy sector.

Schlumberger Limited's stock has been gaining attention from hedge funds, with the company listed among the Best Crude Oil Stocks to Buy According to Hedge Funds. The company has also maintained a consistent dividend policy, with a quarterly cash dividend of $0.285 per share and an annual dividend yield of 3.17%. Schlumberger aims to return more than 50% of its free cash flow to shareholders through dividends and share repurchases this year.

References:

[1] https://www.marketscreener.com/news/schlumberger-slb-acquires-stimline-digital-a-leading-well-intervention-software-company-ce7c5fd2dc80f524

[2] https://www.marketscreener.com/news/schlumberger-limited-acquired-stimline-digital-as-from-tom-fedog-erik-zachariasen-skagerak-capital-ce7c5fd3db81f025

[3] https://finance.yahoo.com/news/why-hedge-funds-piling-schlumberger-183815580.html