SLB and Aramco have signed an agreement with the aim of co-developing, commercializing, and utilizing digital solutions to help mitigate greenhouse gas (GHG) emissions in industrial sectors.
SLB says that these solutions would be integrated within its digital sustainability platform, building on the collaboration announced in 2022.
The digital sustainability platform will be designed to enable industrial companies to accelerate their progress toward net zero by more easily measuring, reporting and verifying their emissions, SLB says.
SLB says that the data and intelligence obtained will then help customers ensure compliance but also enable them to implement more strategic decarbonization actions, such as enhancing energy efficiency, reducing methane emissions, and advancing carbon capture, utilization, and storage initiatives.
The agreement establishes a framework for development of several digital solutions on SLB’s digital sustainability platform. These include Aramco’s in-house combined heat power optimization solution that could potentially improve energy efficiency, and flare monitoring system solution that is anticipated to mitigate field emissions.
It could also include a new co-developed decarbonization planning solution for the forecasting of emissions, and simulating scenarios that aims to determine optimal GHG emissions mitigation pathways. These solutions are expected to leverage SLB’s digital sustainability platform’s security, data management, analytical, and AI capabilities for access at global scale.
Through this collaboration, the two companies say they are aiming to demonstrate their ambitions for GHG emissions mitigation and localization through talent development for the project in the Kingdom of Saudi Arabia.
