Schlumberger Secures Major Drilling Contract for Trion Project, Ranks 96th in Trading Volume

On April 2, 2025, Schlumberger (SLB) experienced a slight decline of 0.02%, with a trading volume of 6.92 billion, ranking 96th in the day's stock market activity.

Schlumberger has secured a significant drilling contract from Woodside Energy for the ultra-deepwater Trion development project offshore Mexico. This contract involves drilling 18 wells in waters up to 2.5 kilometers deep, marking a substantial step in the project's progress. The deal includes the delivery of AI-enabled drilling solutions, which is expected to enhance operational efficiency and pave the way for the project's first oil production by 2028. This contract follows another agreement for the Trion development, awarded to the SLB OneSubsea joint venture in 2023, which encompassed subsea infrastructure. The new contract underscores Schlumberger's expanding role in the Trion project and its commitment to leveraging advanced technologies in the energy sector.