SLB Acquires HydraWell
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SLB has completed the acquisition of HydraWell Intervention AS, a leading Norway-based technology company specializing in plug and abandonment (P&A) and well integrity remediation. The addition of HydraWell's proprietary perforate, wash, and cement (PWC) technology significantly enhances SLB's portfolio, offering a differentiated solution designed to deliver substantial cost and operational efficiencies for customers as the industry faces a growing wave of well decommissioning. "This acquisition represents an important step in SLB's strategy to deliver transformative solutions for our customers," said Frederik Majkut, president, Reservoir Performance, SLB. "By integrating HydraWell's groundbreaking technology with the global expertise and intervention capabilities of SLB, we are uniquely positioned to redefine operational efficiency and cost-effectiveness in well decommissioning and other well integrity remediation challenges." HydraWell's PWC technology enables the creation of high-quality, rock-to-rock barriers in wells without the need for milling or casing retrieval. This innovative approach, protected by robust intellectual property and validated through a strong record of successful field deployments, streamlines operations and reduces both complexity and cost. Supported by advanced computational fluid dynamics modeling, the PWC process ensures effective wellbore...
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