Processing timeline
21
days
Filed
30 June 2026
Decision Due
11 Aug 2026
Est decision date: 2 Aug 2026. Based on 40 decided Professional & Business Services notifications.
Acquirer(s)
Schlumberger Canada Limited 2025732419, Schlumberger Technology Corporation EIN - 22-1692661, SLB N.V. (SLB Limited) EIN - 52-0684746, Geoquest Systems BV KVK - 27176644
Target(s) or Vendor(s)
IHS Markit Canada ULC 2021460650, IHS Global Inc. EIN - 22-2721160
Other parties
None listed
SLB N.V. proposes to acquire S&P Global Inc.’s geoscience software portfolio. This asset acquisition involves software for upstream oil and gas exploration and production workflows in the energy sector. SLB is a global technology company providing energy services, while S&P Global is an information and data business.
SLB N.V. (together with its subsidiaries, SLB ) is proposing to acquire S&P Global Inc.’s ( S&P Global ) geoscience software portfolio (the Acquisition ). SLB is a global technology company that provides equipment, software and technical services, including subsurface evaluation, drilling and production services, to customers in the energy sector. Relevantly, SLB supplies exploration and production software including Petrel, Eclipse, Intersect, OFM, Techlog, Omega, Petromod, DrillPlan, Pipesim and Olga. S&P Global is an information, data, analytics, ratings, indices and commodity-information business. S&P Global also operates an energy division which provides independent information and benchmark prices for the energy and commodity markets; and geoscience software used to scope, plan and monitor oil and gas well development. S&P Global’s geoscience portfolio (the target of the Acquisition) comprises the following software, used in upstream oil and gas exploration and production workflows: Kingdom, Petra, Harmony Enterprise, Analytics Explorer, SubPUMP, PowerTools, FieldDIRECT, Piper, WellTest and Element.
The ACCC has prepared a questionnaire on the Acquisition. Submissions or information in response to the questionnaire should be provided by 8 July 2026 via email to mergers@accc.gov.au with the title SLB – S&P Global’s Geoscience Software Portfolio. The ACCC’s ability to give detailed consideration to submissions received after this time may be limited.