SLB reported a doubling of Digital Exploration revenue year on year in the second quarter of 2026, alongside new seismic acquisition, processing and subsurface integration projects across Brazil, Trinidad and Tobago, the Caspian Sea and the North Sea.
Digital Exploration revenue reached $126 million, up 25% from the previous quarter and 100% year on year. SLB attributed the growth primarily to higher sales of exploration data licences and transfer fees in Brazil and Indonesia.
Offshore southern Brazil, SLB is participating with TGS in Pelotas Sul Phase 1, a 13,500 km² multi-client 3D seismic programme. Building on a 2D data library developed since 2015, the survey is intended to support the evaluation of largely untested deepwater opportunities in the Pelotas Basin. Acquisition is under way and expected to conclude early in the third quarter.
ExxonMobil Trinidad and Tobago Deepwater has meanwhile awarded SLB a two-year seismic processing project covering almost 6000 km² in an ultra-deepwater frontier area. With only sparse legacy 2D seismic data available, the programme is designed to deliver the first 3D image of the block.
SLB will apply full-waveform inversion, velocity modelling, advanced source separation, multicomponent streamer processing and AI-assisted horizon interpretation using its Omega geophysical data processing software.
In the Caspian Sea, bp awarded SLB a seismic data processing contract for the Karabagh project. The award follows two earlier processing contracts for bp-operated offshore projects in the basin.
Subsurface digitalisation also featured in SLB’s quarterly update. Adura awarded the company a North Sea contract to connect data, drilling, subsurface and production workflows. The programme will be based on the standardisation of Petrel subsurface software and the deployment of OptiFlow production assurance solutions.
SLB also expanded its collaboration with Vår Energi to scale collaborative well planning and integrated field development planning across the Norwegian Continental Shelf. In Kuwait, the company secured four AI collaborations with Kuwait Oil Company, including AI-based log quality control and log reconstruction intended to accelerate field development.
Overall Digital division revenue increased by 9% sequentially and 18% year on year to $697 million. SLB said higher offshore activity in Latin America, Europe and Africa, and Asia supported its wider international performance during the quarter.
