SLB to acquire S&P Global upstream software, advancing AI-driven subsurface strategy

(WO) - SLB has agreed to acquire the upstream geoscience and petroleum engineering software portfolio of S&P Global’s energy division, expanding its digital subsurface capabilities and presence in U.S. unconventional workflows. 

The software suite is widely used by onshore operators for planning, interpretation and reservoir analysis, particularly in high-activity shale basins where rapid drilling cycles and continuous optimization drive demand for data-intensive workflows.

SLB said the acquisition will complement its existing digital portfolio by adding tools focused on day-to-day technical workflows, alongside its advanced modeling and simulation capabilities. The company plans to integrate the software with its broader digital platforms, including AI-enabled applications, while maintaining continuity for existing users.

“Unconventional markets demand speed, scale and efficiency,” said CEO Olivier Le Peuch, noting the importance of software in supporting operational decision-making across U.S. land assets.

The deal also includes a collaboration between the companies to develop new AI models using SLB’s digital platforms and S&P Global’s upstream data, aimed at improving subsurface analysis and planning.

The transaction is expected to close in the second half of 2026 or early 2027, subject to regulatory approvals.

The move reflects continued investment in digital technologies as operators look to improve efficiency and performance in increasingly complex and data-driven upstream environments.