Schlumberger Limited (NYSE:SLB) acquired Stimline Digital AS, a cloud-based software company for the energy sector focusing on well intervention. The IDEX platform offers visualization and collaboration tools, using AI to standardize digital workflows. Schlumberger integrated IDEX with its systems, resulting in a 7.87% stock price increase since the announcement.

The acquisition gives Schlumberger ownership of Stimline Digital AS and the IDEX platform. The platform enhances intervention planning and modeling, improving consistency and efficiency in well interventions. Additionally, IDEX offers procedural adherence solutions for drilling, completions, and well abandonment. Schlumberger Limited is a global oilfield services company providing technology, information solutions, and project management services to enhance reservoir performance.

Read more at Yahoo Finance: How Did the Market React to Schlumberger’s (SLB) Acquisition of Stimline Digital?