Pickering Energy Advisors advises Nordic Capital in the sale of Resman to SLB

Global technology company SLB (NYSE:SLB) announced it has completed the acquisition of RESMAN Energy Technology from Nordic Capital. RESMAN is a leading provider of wireless reservoir surveillance and tracer solutions. RESMAN's advanced chemical tracers provide unmatched precision and accuracy in tracking water, gas, oil and CO2 movement within reservoirs and wells, delivering critical insights to optimize production and recovery.

RESMAN's cutting-edge tracer technology enables operators to monitor reservoir flow without disruption, offering unparalleled accuracy at parts per trillion (ppt) detection levels. These insights are vital for well performance and reservoir monitoring across oil and gas, CO2 storage and geothermal applications, helping operators enhance production and improve recovery.

"We believe SLB represents an ideal partner for Resman," said Diego Kuschnir, Managing Director at Pickering Energy Partners, "as it embarks on its next phase of growth across different sectors and geographies."

During Nordic Capital's ownership period, RESMAN has developed from being a single-product company to offering multiple products across different business lines including next-generation technology for carbon monitoring and geothermal wells. This positions the company well for addressing the ongoing energy transition.

Nordic Capital believes global technology company SLB represents an ideal ownership match for Resman's next phase, enabling the company to further accelerate adoption of its leading technology on a global scale.

Pickering Energy Partners' Role

Pickering Energy Partners acted as Financial Advisor to Nordic Capital on the sale of Resman to SLB.

About Pickering Energy Partners

Pickering Energy Partners ("PEP") is an energy-focused financial services platform. Our expertise spans decades across the entire energy landscape. We've deployed over $16 billion across all energy sub-sectors. We are, at our core, trusted energy advisors, investors, and partners alongside our clients. Headquartered in Houston, Texas, PEP delivers an experienced, opportunistic team that aims to provide guidance and long-term value for clients while having a positive impact on the companies and communities that PEP invests in. For more information, please visit www.PickeringEnergyPartners.com.

Pickering Energy Partners LP is a SEC Registered Investment Advisor. Affiliate PEP Advisory LLC is a registered broker-dealer, member FINRA/SIPC.

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Diego Kuschnir, Managing Director

dkuschnir@pepadvisory.com

+1.713.733.5718

Media Contact:

Meagan Sifuentes, Vice President

marketing@pickeringenergypartners.com

+1.713.930.0373