SLB has completed the acquisition of Norway-based HydraWell Intervention, a technology company specialising in plug and abandonment (P&A) and well integrity remediation.

The acquisition strengthens SLB’s portfolio with HydraWell’s patented perforate, wash, and cement (PWC) technology, designed to create high-quality rock-to-rock barriers without milling or casing retrieval.

This approach reduces operational complexity, time, and cost, supported by advanced modelling.

The technology offers a cost-effective alternative to traditional abandonment methods and can also support zonal plugging, slot recovery, and other remediation applications.

As the plug and abandonment market grows due to increasing decommissioning requirements, the deal positions SLB to deliver more efficient and reliable solutions for mature assets worldwide.

By combining HydraWell’s innovation with SLB’s global scale and expertise, the company aims to enhance well integrity management, improve operational efficiency, and support responsible, regulation-compliant asset retirement across the energy sector.

“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.”