SLB Secures Deal for Venezuela Oil Data
SLB signed a contract with Venezuela's state-run PDVSA to modernize outdated oilfield databases and upgrade technology. The agreement allows SLB to use artificial intelligence to rebuild and digitize critical industry data.
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SLB LTD secured a contract with state-run PDVSA to modernize Venezuela's oilfield data, three people familiar with the negotiations said. The agreement gives the oil services provider external access to core statistics in a country holding the world's largest crude reserves. The partnership aims to digitize and rebuild outdated databases following years of neglect and a cyberattack, supporting future investment and output tracking.
