HOUSTON, May 11, 2026 — Global energy technology company SLB (NYSE: SLB) today announced that its OneSubsea™ joint venture has completed the acquisition of the subsea business of Norway-based Envirex Group AS (Envirex).

The transaction expands SLB OneSubsea’s access to Envirex’s specialized technologies and supports the continued development and deployment of innovative subsea solutions, including umbilical-less and wireless systems. Customers will benefit from a wider technology portfolio and more consistent global support.

“This acquisition is an important milestone for SLB OneSubsea and expands our ability to meet growing market demand for next-generation subsea solutions,” said Mads Hjelmeland, chief executive officer of SLB OneSubsea. “With the addition of Envirex’s specialized technologies we are well positioned to deliver greater reliability, flexibility and value to our customers.”

Key points

• SLB OneSubsea has completed the acquisition of the subsea business of Norway-based Envirex Group AS, strengthening its ability to deploy advanced subsea technologies at scale.
• This transaction will accelerate the deployment of next-generation subsea technologies, particularly umbilical-less and wireless solutions.
• Customers will benefit from a broader and more advanced portfolio, supported by improved global delivery consistency and lifecycle support.

About SLB

SLB (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 slb.com.

About SLB OneSubsea

SLB OneSubsea is driving a new subsea era leveraging digital and technology innovation to optimize our customers’ oil and gas production, reduce emissions in subsea operations, and unlock the large potential of subsea solutions to shape a sustainable energy future. SLB OneSubsea is a joint venture backed by SLB, Aker Solutions, and Subsea7 headquartered in Oslo and Houston, with 10,000 employees across the world. Find out more at onesubsea.slb.com.

Media

Josh Byerly – SVP of Communications
Moira Duff – Director of External Communications
SLB
Tel: +1 (713) 375-3407
Email: media@slb.com

Investors

James R. McDonald – SVP of Investor Relations & Industry Affairs
Joy V. Domingo – Director of Investor Relations
SLB
Tel: +1 (713) 375-3535
Email: investor-relations@slb.com

Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" 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’s 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’s 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’s 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.