SLB production chief Sims says mature fields drive need to boost recovery from existing assets

• SLB management flagged mature fields as the industry’s near-term growth lever as new discoveries become fewer and more marginal.
• About 70% of global output comes from post-peak assets, rising toward 80% by 2030, with reserve replenishment near 30%.
• Focus on integrated production optimization to arrest decline, cut downtime, lower unit costs, improve recovery from existing reservoirs.
• Digital workflows using AI, physics-based models, automation, real-time data to identify constraints earlier, speed execution across systems.
• SLB cited a North Sea program that lifted intervention success rates to 90% from 65% through a holistic, connected approach.

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