{"id":936498,"date":"2026-02-12T08:19:45","date_gmt":"2026-02-12T13:19:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/slb-awarded-multiple-offshore-drilling-contracts-by-mubadala-energy-for-tangkulo-deepwater-development-in-indonesia\/"},"modified":"2026-02-12T08:19:45","modified_gmt":"2026-02-12T13:19:45","slug":"slb-awarded-multiple-offshore-drilling-contracts-by-mubadala-energy-for-tangkulo-deepwater-development-in-indonesia","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/slb-awarded-multiple-offshore-drilling-contracts-by-mubadala-energy-for-tangkulo-deepwater-development-in-indonesia\/","title":{"rendered":"SLB Awarded Multiple Offshore Drilling Contracts by Mubadala Energy for Tangkulo Deepwater Development in Indonesia"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>SLB Awarded Multiple Offshore Drilling Contracts by Mubadala Energy for Tangkulo Deepwater Development in Indonesia<\/b><\/p>\n<p><b>Contracts support offshore gas development with first gas targeted before end of 2028<\/b><\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nGlobal energy technology company SLB (NYSE: SLB) has been awarded multiple offshore drilling services contracts by Mubadala Energy, the Abu Dhabi headquartered international energy company, for the Tangkulo natural gas deepwater development and associated exploration and appraisal drilling activities in the Andaman Sea, offshore Indonesia.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260212809124\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260212809124\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260212809124\/en\/2718407\/4\/for_Mubadala_PR.jpg\" alt=\"The project will leverage SLB\u2019s offshore and deepwater technologies, including real-time downhole monitoring, to reduce operational risk, improve well placement and strengthen project economics.\" \/><\/p>\n<p style=\"font-size:85%\">The project will leverage SLB\u2019s offshore and deepwater technologies, including real-time downhole monitoring, to reduce operational risk, improve well placement and strengthen project economics.<\/p>\n<\/div>\n<p>\nUnder the awards, SLB will work with Mubadala Energy to deliver integrated drilling and well services across the full well life cycle. The scope includes directional drilling, drilling fluids, cementing, wireline, slickline, coiled tubing, well testing, mud logging and upper and lower completions. The integrated model is designed to streamline execution while enhancing safety, reliability and operational performance.<\/p>\n<p>\n\u201cThis contract award reflects Mubadala Energy\u2019s strategic vision to develop Indonesia\u2019s offshore resources responsibly and efficiently,\u201d said Abdulla Bu Ali, president director, Mubadala Energy Indonesia. \u201cThrough this partnership, we will deploy advanced drilling technologies to support safe, efficient execution and delivery of first gas anticipated by end of 2028. The Tangkulo field is a cornerstone project in our Southeast Asia portfolio and underscores our role in supporting Indonesia\u2019s long-term energy security and economic growth.\u201d<\/p>\n<p>\nThe project will leverage SLB\u2019s offshore and deepwater technologies, including real-time downhole monitoring, to reduce operational risk, improve well placement and strengthen project economics.<\/p>\n<p>\n\u201cDeepwater developments demand disciplined execution and integrated delivery,\u201d said Sherif Shohdy, president, Asia, SLB. \u201cBy combining advanced drilling technologies, real-time insights and strong local expertise, we are well positioned to support safe and efficient offshore operations and accelerate progress toward first gas.\u201d<\/p>\n<p>\nThe contracts were awarded through a competitive tender process and underscore the strategic importance of the Tangkulo development to Indonesia\u2019s long-term energy security.<\/p>\n<p><b>Key Points:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nSLB awarded multiple offshore drilling services contracts by Mubadala Energy for the Tangkulo deepwater development in the Andaman Sea, offshore Indonesia.<\/p>\n<\/li>\n<li>\nScope includes drilling, completion and testing services across the full well life cycle.<\/p>\n<\/li>\n<li>\nFirst gas targeted before the end of 2028, supporting Indonesia\u2019s long-term energy security.<\/p>\n<\/li>\n<\/ul>\n<p><b>About SLB<\/b><\/p>\n<p>\nSLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.slb.com&amp;esheet=54423292&amp;newsitemid=20260212809124&amp;lan=en-US&amp;anchor=slb.com&amp;index=1&amp;md5=d8040d0140db0c4836804bdc865e0cf6\">slb.com<\/a>.<\/p>\n<p><b>About Mubadala Energy<\/b><\/p>\n<p>\nMubadala Energy is an international energy company headquartered in Abu Dhabi, United Arab Emirates. With a diversified portfolio of operated and non-operated assets spanning 11 countries, the company\u2019s primary geographic focus is the Middle East and North Africa, Russia and Southeast Asia. Mubadala Energy is a wholly owned subsidiary of Mubadala Investment Company, which is owned by the Government of Abu Dhabi. The company\u2019s portfolio is largely weighted toward natural gas and it is expanding across the gas value chain while actively pursuing opportunities in new energy sectors as part of its commitment to support energy security and the energy transition. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.mubadalaenergy.com&amp;esheet=54423292&amp;newsitemid=20260212809124&amp;lan=en-US&amp;anchor=www.mubadalaenergy.com&amp;index=2&amp;md5=732dcfdf1c1473432724ccecda2465c2\">www.mubadalaenergy.com<\/a>.<\/p>\n<p><b>Cautionary Statement Regarding Forward-Looking Statements:<\/b><\/p>\n<p>\nThis press release contains \u201cforward-looking statements\u201d within the meaning of the U.S. federal securities laws \u2014 that is, statements about the future, not about past events. Such statements often contain words such as \u201cexpect,\u201d \u201cmay,\u201d \u201ccan,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201canticipate,\u201d \u201cwill,\u201d \u201cpotential,\u201d \u201cprojected&#8221; and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB\u2019s new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB\u2019s strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB\u2019s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260212809124r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260212809124\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260212809124\/en\/<\/a><\/span><\/p>\n<p><b>Media<br \/>\n<br \/><\/b>Josh Byerly \u2013 SVP of Global Communications<br \/>\n<br \/>Moira Duff \u2013 Director of External Communications<br \/>\n<br \/>SLB<br \/>\n<br \/>Tel: +1 (713) 375-3407<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:media@slb.com\">media@slb.com<\/a><\/p>\n<p>\nVrian Ignatius \u2013 Regional Head of Communications<br \/>\n<br \/>Mubadala Energy<\/p>\n<p>\nTel: + 603 2727 3891<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:varian.ignatius@mubadalaenergy.com\">varian.ignatius@mubadalaenergy.com<\/a><\/p>\n<p><b>Investors<br \/>\n<br \/><\/b>James R. McDonald \u2013 SVP of Investor Relations &amp; Industry Affairs<br \/>\n<br \/>Joy V. Domingo \u2013 Director of Investor Relations<br \/>\n<br \/>SLB<br \/>\n<br \/>Tel: +1 (713) 375-3535<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investor-relations@slb.com\">investor-relations@slb.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Indonesia United States United Arab Emirates Southeast Asia North America Asia Pacific Middle East Texas New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Natural Resources Other Energy Oil\/Gas Coal Energy Natural Resources<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260212809124\/en\/2718407\/3\/for_Mubadala_PR.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">The project will leverage SLB\u2019s offshore and deepwater technologies, including real-time downhole monitoring, to reduce operational risk, improve well placement and strengthen project economics.<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260212809124\/en\/1610872\/3\/SLB_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>SLB Awarded Multiple Offshore Drilling Contracts by Mubadala Energy for Tangkulo Deepwater Development in Indonesia Contracts support offshore gas development with first gas targeted before end of 2028 HOUSTON&#8211;(BUSINESS WIRE)&#8211; Global energy technology company SLB (NYSE: SLB) has been awarded multiple offshore drilling services contracts by Mubadala Energy, the Abu Dhabi headquartered international energy company, for the Tangkulo natural gas deepwater development and associated exploration and appraisal drilling activities in the Andaman Sea, offshore Indonesia. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260212809124\/en\/ The project will leverage SLB\u2019s offshore and deepwater technologies, including real-time downhole monitoring, to reduce operational risk, improve well placement and strengthen project economics. Under the awards, SLB will work with Mubadala Energy to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/slb-awarded-multiple-offshore-drilling-contracts-by-mubadala-energy-for-tangkulo-deepwater-development-in-indonesia\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SLB Awarded Multiple Offshore Drilling Contracts by Mubadala Energy for Tangkulo Deepwater Development in Indonesia&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-936498","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SLB Awarded Multiple Offshore Drilling Contracts by Mubadala Energy for Tangkulo Deepwater Development in Indonesia - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/slb-awarded-multiple-offshore-drilling-contracts-by-mubadala-energy-for-tangkulo-deepwater-development-in-indonesia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SLB Awarded Multiple Offshore Drilling Contracts by Mubadala Energy for Tangkulo Deepwater Development in Indonesia - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SLB Awarded Multiple Offshore Drilling Contracts by Mubadala Energy for Tangkulo Deepwater Development in Indonesia Contracts support offshore gas development with first gas targeted before end of 2028 HOUSTON&#8211;(BUSINESS WIRE)&#8211; Global energy technology company SLB (NYSE: SLB) has been awarded multiple offshore drilling services contracts by Mubadala Energy, the Abu Dhabi headquartered international energy company, for the Tangkulo natural gas deepwater development and associated exploration and appraisal drilling activities in the Andaman Sea, offshore Indonesia. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260212809124\/en\/ The project will leverage SLB\u2019s offshore and deepwater technologies, including real-time downhole monitoring, to reduce operational risk, improve well placement and strengthen project economics. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/slb-awarded-multiple-offshore-drilling-contracts-by-mubadala-energy-for-tangkulo-deepwater-development-in-indonesia\/","og_locale":"en_US","og_type":"article","og_title":"SLB Awarded Multiple Offshore Drilling Contracts by Mubadala Energy for Tangkulo Deepwater Development in Indonesia - Market Newsdesk","og_description":"SLB Awarded Multiple Offshore Drilling Contracts by Mubadala Energy for Tangkulo Deepwater Development in Indonesia Contracts support offshore gas development with first gas targeted before end of 2028 HOUSTON&#8211;(BUSINESS WIRE)&#8211; Global energy technology company SLB (NYSE: SLB) has been awarded multiple offshore drilling services contracts by Mubadala Energy, the Abu Dhabi headquartered international energy company, for the Tangkulo natural gas deepwater development and associated exploration and appraisal drilling activities in the Andaman Sea, offshore Indonesia. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260212809124\/en\/ The project will leverage SLB\u2019s offshore and deepwater technologies, including real-time downhole monitoring, to reduce operational risk, improve well placement and strengthen project economics. 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