PARIS, FRANCE: Schlumberger Limited, doing enterprise as SLB (NYSE: SLB) is collaborating with Oman’s Ministry of Energy and Minerals and the Oman Investment Authority in constructing a nationwide technique to develop the potential of Oman’s geothermal resources.
This announcement follows the completion of an extensive project to consider data from greater than 7,000 oil, gas and water wells, with the target of mapping candy spots for geothermal prospects within the country.
Commissioned by the Omani authorities, the SLB experts assessed surface, subsurface and well data from the nationwide data repository over a three-month period.
“Geothermal is one of many world’s most promising clear energy resources, and it has a essential role to play in reaching net-zero targets,” said Gavin Rennick, president of SLB’s New Energy business.
“Using digital technology options to evaluate geothermal useful resource potential can speed up prospectivity evaluation and, ultimately, the supply and efficiency of geothermal installations. We are excited to work with the Ministry of Energy and Minerals and the Oman Investment Authority to discover decarbonization pathways for Oman.”
In the preliminary phase of the collaboration, SLB’s GeothermEx multidisciplinary geothermal consulting team used a proprietary AI solution to expedite assessment, sorting, and evaluation of the huge quantity of data from the Oman Oil & Gas Data Repository (OGDR), and delivered a complete evaluation of Oman’s geothermal potential.
The subsequent phase will include evaluation of the financial feasibility of the event of potential geothermal resources.
“This collaboration between the Ministry of Energy and Minerals, Oman Investment Authority and SLB is in line with Oman’s efforts to decarbonize the energy sector, obtain its Net Zero goal, and implement Oman Vision 2040.
Building on existing nation data and infrastructure, this collaboration will create alternatives by using the newest applied sciences within the field of geothermal exploration and ramp up actions in Oman’s clear energy stream. We are glad to work with SLB given the extensive global expertise on this field,” said HE Salim Al Aufi, the Omani Minister of Energy and Minerals.
Oman Investment Authority (OIA) is Oman’s sovereign wealth fund, and it’s entrusted with managing, investing, and developing the Sultanate’s nationwide and worldwide assets. It has diverse funding portfolios each nationally and internationally, whereby it invests in over forty countries throughout various sectors together with food, energy, logistics, ICT, public services, finance and investment, meals security, tourism, mining, industry, and aviation.