Schlumberger Hosts First Supplier Innovation Program Summit

Prior to the event, suppliers were invited to submit their innovation proposals. Almost 160 proposals were submitted to the program-and the top 25 were presented during the Summit event.

As the energy industry continues to evolve rapidly, the SIP focuses on three main objectives to optimize growth cycle opportunities:

• Competitiveness and agility, leveraging the innovation capabilities and expertise of suppliers
• Cost management, for a mutually beneficial outcome for suppliers, Schlumberger, and customers
• Decarbonization, to advance sustainability within the energy industry and help customers reduce their environmental footprint across the E&P life cycle.

"We are listening carefully to our suppliers, building closer relationships to drive competitive advantage, agility and innovation," said Abdellah Merad, executive vice president, Core Services & Equipment, Schlumberger. "This open dialogue enhances collaboration and positions us to provide better performance and value for our customers, for our suppliers and shareholders."